Sorry to dampen enthusiasm but the reality is that well 2 could be the 1% dud
Sentia I generally agree with your thoughts, but do the math on a 99% success rate in the Permian and here you are stating the 1st well hit but 2nd well may not, so that's 50% right so what happened to published figure of 99% for all the Permian?
I was thinking you may have just wanted to start a discussion along these lines with that comment, but then I did seem to remember you saying that you didn't get a chance to buy some oppies at 0.002 last Friday that the ann got you by surprise, I'm sure I can see your 5million in the 0.002 line-up, lol.
GGP Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held