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2.04% 5.0¢ central petroleum limited

5.5c cash backed and 3 mind boggling wells, page-29

  1. davidrau
    494 Posts.
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    07/05/10
    12:10
    Post #: 6669347
    Based on the cos% on the CTP website for Ooarminna 2 50%, Johnstone 22% and Magee 26%, the probability of sucess of having at least one well strike something:

    1 - ((1-0.5) * (1-0.22) * (1-0.26)) = 71%

    or in other words, 1 minus the probability of failure in all 3 wells.
    CTP Price at posting: 6.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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