my thoughts, page-4

Raider, are you kidding??

Doodlebugger is 100% correct, that this well is exploratory and has been given odds by the company of around 25% chance of success (a guesstimate, with its own errors)... a very standard number used by the general oil industry on most wells of this type, given the seismic work and other trends.

THEREFORE ... it is about 3 times more likely of being a duster than a producer. It is really just that straightforward.

Risk and reward, a roll of the dice with your best support from the technical evidence gathered so far.

Reward is oil (if there) will be several-tens of times the cost of the well (in this case) and a considerable mark up on price of your lease acreage and drill prospects around and within. Cheap evaluation from shore, good luck to NWE holders. I think we deserve this one.