any day now, page-17

Regards, likelyhood of success. I think in the prospectus saying less than 40% chance is "generous".

Take a look at

http://www.crownminerals.govt.nz/cms/news/2006/7-february-2006-34-wells-drilled-during-2005/

Following on from that many others were subsequently declared duds, including dev/appr wells. So in NZ at best it's 10% I think 3% is a better figure and that's what I work off for risked npv's and share leverage.

I'm not sure what 2006 figures were, but you could easily research it.

Not discounting LMP though, different basin, different pet system as yet unproven of course. I'm holding and hoping...