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IOC Drilling - - Probability of Success - - A Poll

Poll: "POS" for upcoming drillnig campaign
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0 - 20%
7.14%
 2 7.14%
20 - 40%
3.57%
 1 3.57%
40 - 60%
17.86%
 5 17.86%
60 - 80%
39.29%
 11 39.29%
80 - 100%
32.14%
 9 32.14%
Total 28 vote(s) 100%
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IOC Drilling - - Probability of Success - - A Poll
Stavros Offline
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02-13-2014, 05:46 PM (This post was last modified: 02-13-2014, 06:12 PM by Stavros.)

IOC Drilling - - Probability of Success - - A Poll

We had recent posts/ debate regarding the Probability of Success (POS) for the upcoming three wells that are to be spud in the coming month:

+  Wahoo

+ Bobcat

+ Raptor

Indoreservoir emphatically stated that the odds are at best 20% for success based on historical drilling results worldwide.

Petrengr1 pegs the POS at 80-90% for all three wells based on the specific PNG situation.

I'd like to poll the troops because this is a key issue to my opinion. Success in these three new drilling locations would significantly impact the PPS since today it reflects ZERO additional gas beyond the E/A resource.

Please indicate your views on the POS . . . which range do you believe we fall into:

1.       0 - 20%

2.     20 - 40%

3.     40 - 60%

4.     60 - 80%

5.     80 - 100% - - - this is my belief

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IOC Drilling - - Probability of Success - - A Poll - by Stavros - 02-13-2014, 05:46 PM

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