re: ** corybas 1 - is it risky? ** Hi,
The only comment I have is that ARQ has had an extremely high success rate when drilling for gas and oil, especially when using 3DSeismic. From memory success rate of something like 6/7 for gas and 3/5 for oil or close to, can't remember exactly. What does that say to you?
I don't know, to me it says either that:
1. There is a big crap of oil & gas in the Perth Basin that's still there to be discovered.
2. That there has been little drilling for oil and gas there or
3. That they have been extremely lucky.
What is your view re their high success rate?
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