Hi Drswing, Absolutely " The more information that we can capture about the basin (ie, drill successes, failures, confirmed geology, etc); the higher the chance of a successful drill for us (assuming our geology conforms with the 'success criteria' which has been identified since first drill success with Venus1 in 2022. On the flipside, if the narrative worsens, there are more failures, delays, etc; then it becomes a riskier play".
As an example, having now observed the likely presence of sediment's waves in the seismic amplitude fields of OYRX and HYRAX, I would revise the reservoir risk number I used in the geological chance of success for both OYRX and HYRAX. Reservoir risk before = black, after = red. As new data come to hand, these risks would be revised up or down.
OldGeo
PCL Price at posting:
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