if there was a hat with 10 cards in it,with 'winner' written on one of them,and you got to draw 3 times out of it, then statistically the above approach works.
wildcat wells are talked about as having a 10 percent chance,not as a mathematical certainty, but as a marketing tool.
less than 10 percent,and the wooducks won't be interested.
claim more than 10 percent,and leave it open for action from aggrieved holders.
10 percent isn't scientific,and can't be used to extrapolate [rubbish in rubbish out]
a drilling program is a well by well snapshot---indeed if you have a bad run,the chance of success for the next well declines, as something has gone wrong in the risk assessment process somewhere.
- Forums
- ASX - By Stock
- CTP
- probabilities
probabilities, page-11
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.96M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.2¢ | $18.72K | 359.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 401812 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 779869 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 401812 | 0.052 |
3 | 1553712 | 0.051 |
2 | 3001200 | 0.050 |
2 | 400000 | 0.049 |
3 | 50520 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 779869 | 2 |
0.055 | 150000 | 1 |
0.056 | 19995 | 1 |
0.057 | 132936 | 1 |
0.058 | 172431 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online