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Keywords: new discovery
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the International Oil and Gas Conference and Exhibition in China, June 8–10, 2010
Paper Number: SPE-130008-MS
...) has lognormal distribution, and thus, behaves like a random variable ( Hattis and Burmaster, 1994 ). Using the historical average TDP to predict TDP of a new discovery is the same as predicting stock prices with history price data, and therefore, is not reliable, based on the random walking theory...
