Hi Aussiebecstar, nice to have you on board. We'll be interested to see photos of Killanoola
I've been going over your calculations. For Inna, I put in 4000 x $3.10 x 352 / 5,000,000,000 = $0.000872 which is one tenth your calculation.
For Killa, I think you have entered the total oil in place, when it should be the annual production. Which we don't know - I shall make a guesstimate of 500 barrels per day. 500 x 360 x $80 per barrel / 5 billion = $0.00288
So, 2.88c plus 0.0872c is 3.75 cents per share, that's annual earnings, (without overheads, as you calculated) Multiply by a PE ratio of 4 gives a share price estimate of 15c
That's a nice round number, and a pretty positive number, but of course there will be many overheads.
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