Got it for you, Sam.
From the BPH 2020 annual report (p3):
'Importantly, “a recent review of more than 850 wildcat wells – all drilled after geochemical surveys – finds that 79% of wells drilled in positive anomalies resulted in commercial oil and gas discoveries.” (Surface geochemical exploration for oil and gas: New life for an old technology, D. Schumacher, 2000, The Leading Edge)'
By deduction: 21% are failures.
Cheers.
Woooo hoooo Go Bounty :)$$$$, page-35
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