When you guys talk about C.O.S. you have to take into account the Monte Carlo fallacy ie. if 5 wells have a 20% C.O. S. and 4 wells are dusters,
the C.O.S. of the 5th well is still only 20% not 80%.
A more common example of the Monte Carlo fallacy is the flip of a coin where the odds are 50% either heads or tails will turn up. In a series of say, ten flips, if heads has come up 9 times in a row the chances of the 10th flip being tails are still only 50/50.
Same with drilling oil wells which probably explains why many junior oilers go broke.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities and Cash Flow Report - March 2021
When you guys talk about C.O.S. you have to take into account...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRU (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $52.65M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.7¢ | $28.76K | 426.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 432944 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 16187 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 432944 | 0.067 |
7 | 820752 | 0.066 |
6 | 433943 | 0.065 |
5 | 406847 | 0.064 |
2 | 89365 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 16187 | 1 |
0.070 | 35400 | 1 |
0.072 | 400000 | 1 |
0.078 | 58502 | 1 |
0.080 | 154473 | 3 |
Last trade - 14.01pm 07/10/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |