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AAPG Bulletin
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AAPG Bulletin; Year: 2016; Issue: April DOI: 10.1306/10191515063
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Figure 4. Comparison of the chance of geological success (Pg) estimate against the pot odds for three prospects (a, b, and c), which all have the same expected commercial value. The values shown are, in order, the mean reward of success, mean cost of failure, and current estimate of Pg. MM = million.
Figure 4. Comparison of the chance of geological success (Pg) estimate against the pot odds for three prospects (a, b, and c), which all have the same expected commercial value. The values shown are, in order, the mean reward of success, mean cost of failure, and current estimate of Pg. MM = million.