Thanks. Fibonarchery.
Yes, economically viable AND successful drill work (gas or oil actually flows).
But 8% and 13%?
I thought that modern methods for 3D surveying already increased the chances of identifying reserves (close to 90%??) and it was just a matter of finding the ideal drill hole.
I was looking at 25% and 50% respectively for CINCO and DUHAT mostly due to possible technical drilling issues (leaks, pressure, etc.) but I am no expert.
Would love to hear other opinions though from more seasoned oil investors.
chance of success drilling at cinco , page-3
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $20.24K | 1.675M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 6335824 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 10149333 | 14 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |