CTP 2.04% 5.0¢ central petroleum limited

5.5c cash backed and 3 mind boggling wells, page-88

  1. 9,785 Posts.
    lightbulb Created with Sketch. 3180
    I can understand the probability of 71% of 1 well succeeding at the outset. Bob this is the probability of 1 in 3 being a success, you have calculated the average COS across the 3. Nazzy if i throw a dice 6 times am i guaranteed to roll a 6 at least once? While the odds are increased at the outset, with each unsuccessful roll the odds decrease and there is absolutely no guarantee, so that part i will have to disagree with.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.