When is a gamble not a gamble Khaliqs
The oil is there at Blamore .
The only gamble is blindly doing something and hoping the best eventuats. For example buy a lottery ticket, bet a horse in a race or play cards.
At Blamore its been more like a experiment to determine the solution.
1. Look at the history of the rock types = 8/10 Pass
2. Look at evidence of past oil discoveries =PASSED 9/10
3. Carry out seismic studies with the most modern equipment and know how.PASSED 8/10
4. Use experienced professionals that know their tasks.
=PASSED 9/10
5. Select the most likely site to drill based on intuition and methods used above =Pass but only just 5/10
Results of above 38/50 = 76 % Uncertainty 24%
A scientist/mathematician would agree that there is an element of certainty in these figures.
Unfortunately sometimes experiments go wrong even when they have been tested 1000 times but put in perspective the odds are in the favour of 5 numbers above .
DYOR Cheers and Good Luck Khaliqs
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