hyperthetically? Is that like a really fast hypothesis? :)
Eve, my questions is more focused on the use of the word mean. I dont understand what it means. In statistics, means and averages as well as the application of weightings them can define very different things. I have noticed the use of mean more than once when describing target sizes so I am assuming that there is some sort of industry standard for calculating this or making this reference. I would assume that it is P50 but I am looking for some clarification on this?
Where did you get those P50 figures from? If they have previously put them up, then that would indicate that mean and P50 are different unless they had revised those figures up?
I have been looking over the gravity surveys (the ones with the contours overlayed) that they have posted in various annoucnements and I have noticed two things that I think are worthy of mentioning.
1. The prospects that they have identified have changed. If you examine the image from the first link (a:Aug 09 farmout) to the second (b: Sep 09 GoodOil)the prospects/leads around lolotoe have grown in size.
2. In the first link (a) there looks to be about 18 or so drill holes in the adjacent permit to the West. With about 6 strikes this gives you a chance of success of around 33%. Any thoughts on this. Clearly 'bush' geophysics I know but I thought it might not be far from the mark.
Cheers,
SF
OEX Price at posting:
27.0¢ Sentiment: ST Buy Disclosure: Held
