PSA petsec energy limited

pip1 Can I ask what people believe the chances of striking...

  1. 500 Posts.
    pip1 Can I ask what people believe the chances of striking sufficient oil to justify a producing well on the first attempt is?

    the first well should be 100% certainy as they struck Oil when drilling for quality 3D sesmic

    During March 2002, ROC participated in its first well in China, the Wei-6-12-1 exploration well. This represented ROC's first direct involvement in exploration in China. The well intersected a 13.5 metre gross oil column with a nine metre net oil pay, with excellent reservoir characteristics and good quality oil.


    The following wells will be better than 50% success rate because of the money spent on research
    please read ROC's summary click the pic


 
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