InvestorsHub Logo
icon url

Homeport

11/16/07 10:23 AM

#111760 RE: bayfisherii #111759

According to Tryoty's earlier (partly reposted below), Symon's figures would make the 18 EEZ prospects so far identified "high risk" structures on average.

FYI, Bayfisherii, my original posts on the subject were not well recieved here.

Ex-Tryoty:
"Prospect - a lead which has been fully evaluated and is ready to drill
Chance of Success - An estimate of the chance of all the elements (see above) within a prospect working, described as a probability. High risk prospects have a less than 10% chance of working, medium risk prospects 10-20%, low risk prospects over 20%. Typically about 40% of wells recently drilled find commercial hydrocarbons."


icon url

Homeport

11/16/07 10:31 AM

#111762 RE: bayfisherii #111759

The GoG (Gulf of Guinea) is already a "Gawar" and more, Bayfisherii. Confusion seems to lie in confusing the JDZ and/or STPEEZ chunks of the GoG with the entire Gulf.