Bing, it’s great that we both agree, that Dwayne hired some very good people.
Exploration drilling is very risky, with success only coming about 20 % of the time – see we’re also close on that point.
Once a reservoir has been discovered, developmental drilling is done to prove out the size and characteristics of the find. With four wells in a box sharp pattern and one in the middle - that close together, the reservoir has been defined, and the success per well is greater than 80%.
What is also inherent in this point is that MEO’s experts will and DO Know what has been found. No professional in the oil and gas industry would spend $30-$40 million on 21 exploration wells, but they would on 21 development wells into the Copper Ridge.