What I think. FWIW

[Indoreservoir]

Indo; You can't compare the 80s to the 21st century with respect to drilling or analytical technology. A CPU in the 80s might perform 15 Million instructions per second. Today there are 8 CPUs per chip performing 50 billion instructions per second. The drillers on top know exactly where that bit is and can hit a target five feet in diameter. These computers fit in a friggin laptop! This is just a small example as to what has happened in 30 years.

Putncalls,

Unfortunately, the major change in exploration technology is 3D seismic and processing methods, and we don't have 3D.

The success rates in 2014 based on 2D will be no or only marginally better than those in the 1980s, unfortunately.

Agree the drillers can hit the target, but the G&G folks have to pick the right place  (if the 'right place' exists.)

Cheers