Haha. What I meant was overall 75% chance of a commercial flow. Only 25% chance of no flow meaning not one of the 4 dips trapped any oil. Having said that if all dips hold good quantities then 25% chance we get a gusher. You get what I mean. We know there are oil there as proven in well 1. We have 4 layers of traps to hold the oils. We are only half way through 1400m. Well 1 hit 845m and only touching top of a structure we get 2m of saturated black oil. If we continue drilling through the 4 structures, we’ve good chances of finding commercial flow of oil imo.
PRL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held