probabilities, page-8

at the end of a 10 well drilling program, with 9 dry holes, the final wildcat does not become a sure thing.

the value that becomes cumulative in a multi-well drilling program is the potential share price impact of each well,so the more wells to be drilled [if they are funded] the higher the value that can be applied to the company.

each individual well has its own chance of success,depending on location,target and already aquired information.

this chance of success is never improved by the results of a drill in a non-related location.

the probability of each well is individual not cumulative.