HDR hardman resources limited

probability calculations

  1. 174 Posts.
    Using the probabilities of success of individual wells from the Cannacord report I did a few probability calculations using Excel.

    Here are a few results:

    There is a 0.0000016335% chance that all wells will be successful.
    There is 4% chance that no wells will be successful.
    There is 96% chance that at least 1 well will be successful.
    There is 51% chance that 3 or more wells will be successful.

    Read more here:
    http://www.sharescene.com/index.php?showtopic=379
 
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