From my reading of the accuracy of this technology (90%+) I think I'm going to interpret the chances of the survey showing oil as 10% to 50%. What I mean is this. If after 2D/3D seismic chances of finding oil with the drill bit was 10% to 50% then the CSEM survey has a 10% to 50% chance of finding oil. If the CSEM sussests OIP then we have a 90% to 100% chance of hitting oil with the drill bit. So I'm saying from here we have a 10% to 50% chance Shell will take up their option to go ahead with a well.
Tez.
From my reading of the accuracy of this technology (90%+) I...
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.5¢ |
Change
0.010(2.20%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $116.3K | 247.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22574 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.00pm 17/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |