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Ann: Drilling Update for Giant Welchau Gas Prospect, page-21

  1. seuss
    9,693 Posts.
    lightbulb Created with Sketch. 812
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    12/02/24
    18:44
    Post #: 72366514
    I'm not a fan of oil and gas companies putting a % of success on a well or prospect/lead. Even with a ll the seismic the only way to know 100% is drill a well. Look how certain the nutters on the bph thread are of sucess and $6.50 a share thread or what ever.
    And how certain they were the 1st time round...



    I Keep it simple and don't over think it.

    I look at it as Every one in essence is 50/50 it is a success or its not . Even if the "chance" is 75% success. There is still only 2 real outcomes .
    ADX Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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