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The Rocksource approach – a simplified illustration

~100 leads

This is an illustration of the conventional exploration model

G&G funnel

Step 1

~20 traditional G&G prospects, typical CoS ~25%

EM funnel

Conventional exploration drilling basis

  • Last five decades 50.000 wells drilled with 25%

success rate

Illustration of the Rocksource model

~5 EM positive prospects, typical CoS ~50%

Step 2

Rocksource drilling basis

  • > 60 EM based wells drilled by E&P companies, of which EM predicted the result correctly 70% of the time

Significantly de-risked portfolio compared to conventional portfolios

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