05-16-2014, 08:57 PM
From transcript: "Now, of course, we would like every exploration well to come in. But as we push into new and more frontier areas in our licenses, that is statistically improbable. The typical strike rate for a global exploration is about one success for every 10 wells. In the Gulf region, which is underexplored, we have a strong success rate having found gas with three of the seven wells we have drilled."
Question: If we have had 4 "no-discovery" wells as Hession states, which ones are they ? ELK-2 plus ... ??? Is he going way back in history ?