Scitty
Really depends. In reality it's probably closer to 10% success rate or less for exploration wells. Karoon are claiming that they have a 30% chance of success in this campaign due to the high quality of the data and having woodside's huge gas fields right next door and on trend.
With the data, Woodside's fields and the number of wells they will be drilling, I'd like to think its a fairly good chance they will find something.
Picko
sedco 703 update, page-24
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