The technology has been proven in a number of ways. In the Study phase, 144 prospects were identified in Southern Texas. Subsequently 38 out of 43 prospects (88.4%) were successfully drilled, resulting in nearly 5 TCF of new, commercial field discoveries.

The technology is a very cost effective and a powerful "first step" to enable Wharf to evaluate an area prior to significant expenditures for, seismic and exploratory drilling.
This will save significant amounts of exploration money so that the money is where it counts, at the drill bit.
As a hypothetical example, if Wharf were to develop a typical exploration program targeting an on-shore 100 square mile area, it would cost approximately $50,000 per square mile (or about $5 million), to conduct a 3-D survey, process the data, interpret the data, etc. Conducting an aeromagnetic survey of the same area for approximately $133,000, all inclusive. 
A "rule of thumb" is that in most hydrocarbon prone areas about 10% of a large area contains hydrocarbons of significance. Therefore, if Wharfs study identifies 10%-20% of the acreage position as prospective, then our exploration program can avoid about 80% of the $5 million exploration expenditure. On the avoided seismic and land costs alone (ignoring potential dry hole costs) this is an 80% saving or $4 million versus the $133,000 investment. A potential 30 to 1 saving.
Wharf believes that there is a synergistic benefit by using this technology in conjunction with 2-D and 3-D seismic and that the technology will improve Wharfs success rate and will dramatically reduce its exploration costs.