Wednesday, August 09, 2017 8:44:17 PM
" CHANCES OF SUCCESS* OF EXPLORATION WELLS
*Success rate (meaning the hydrocarbon discovery in a significant amount) of exploration wells are:
> New areas (with no previous exploration): 10 to 20%
> Geologically known areas: 20 to 30%
> Areas close to production zones: around 60%
"
Source: http://www.ifp-school.com/upload/docs/application/pdf/2015-02/5_exploration_well.pdf
Technically, Zion is close to a production zone, right? 25 miles off from where Genie discovered a massive reserve. According to this article, are we looking at a 60% chance of discovery of hydrocarbons here?
"Believe only half of what you see and nothing that you hear."
-- Edgar Allan Poe
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