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
#6
I would like to point out some statistics. If success is considered any one of the three 'hits commercial C4" and we go with PET's estimate of 80 t0 90% The POF would be .15 * .15 * .15 or 0.3% which is a POS of 99.7% POS

If go with Indies number of 15% POS we get a POF of .85 * .85 * .85 or 61% which is a POS of 39%.

I would like to point out the IOC is drilling next to the Black Bass exploration well.
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RE: IOC Drilling - - Probability of Success - - A Poll - by Putncalls - 02-16-2014, 05:27 AM

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