CTP 1.85% 5.3¢ central petroleum limited

5.5c cash backed and 3 mind boggling wells, page-92

  1. 2,889 Posts.
    Karl,

    "Look at it this way. If there is a chance that a well can fail, then there is a chance, no matter that it's very small, that every single one of them could fail."

    Agreed... However I was not implying that it would be a probability of 100%... Only that the probability would be so close to 100% that you could be guaranteed a success...

    If you crunch the numbers on 100 wells at 10%....

    You get a 99.997% of at least one positive out come.... Or a probability of 0.003% of all 100 wells failing....


    Cheers





 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
-0.001(1.85%)
Mkt cap ! $40.24M
Open High Low Value Volume
5.3¢ 5.3¢ 5.3¢ $1.502K 28.33K

Buyers (Bids)

No. Vol. Price($)
4 328254 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 37507 2
View Market Depth
Last trade - 10.53am 12/11/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.