Killanoola Field Trip, page-28

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.