Headwater Exploration Inc. (CDDRF)

[geodan]

CSEM doubles success rate of oil wells,ShellGets81%Success

For wells drilled on prospects with a significant CSEM anomaly the success rate increases to 70%, whereas it drops to 35% for wells drilled on prospects without a significant CSEM anomaly. As such, the average success rate for wells drilled on prospects with a significant CSEM anomaly is twice the average success rate for wells drilled on prospects without a significant CSEM anomaly.At a recent conference presentation (Karman et al., 2011), Shell reported that they had drilled 27 exploration wells on a selection of more than 100 CSEM mapped pros-pects since 2002. Of these, 22 were discoveries, providing a success rate of 81%. The average pre-CSEM chance of success for these prospects was 47%.

And the above was from 2011, only 8 years into CSEM tech, must be better today