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2.00% 5.1¢ central petroleum limited

This is ow you calculate the probability of striking oil in 1 of...

  1. yeppa27
    320 Posts.
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    29/06/09
    08:57
    Post #: 5333079
    This is ow you calculate the probability of striking oil in 1 of the 4 wells to be drilled....

    1/10 + 1/10 + 1/10 + 1/10 = 4/10

    This means there is a 10% chance if you were to drill the 1 hole. But your chances increase if you were to drill 4 holes.
    CTP Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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