Hey guys
wondering if any mathematical minded types can crunch the numbers
General consensus is a success rate of less than 10%
Amount to be lost approx 80-90%
Upside guess 100% success rate first well $2 second well $4
Current valuation approx 200 mill
At this current valuation is ivz worth the risk?
Need to take into account sovereign risk and other issues such as blowing out drilling costs etc
Cheers
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