Hi Drswing, Post #:77660751 Following up on your post regarding the Chance of Success, Chance of Discovery or Geological Chance of Success, basically all the same thing, you do not have to alter the input numbers on any risk element to significantly impact the overall risk. See comparison of how PCL risked the prospects back in 2022, and how I have currently risked the ORYX, ORYX-N, ORYX-S, ORYX-W and HYRAX leads.
Hopefully my updated NOTES below the table help explain why my input numbers are higher than what PCL had back in 2022. Much has changed since then - multiple Orange Basin oil discoveries in multiple stratigraphic intervals, positive flow tests, mention of good reservoir properties in Mopane, PEL-87 3D seismic acquisition and ongoing interpretation.
OldGeo
PCL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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