First I would declare I hold no stock. But watch the trading...

First I would declare I hold no stock. But watch the trading with interest. In general it seems that they have decent find and congratulate those who have held the stock from its highs.

For those who plan to invest look at what info you have.

120 Million barrels - This is not proven, it is estimate.
Assuming 120 million is correct at recovery is say 15% ( you know the sands are tight and their is little pressure, again an estimate at this stage, could be way off mark) then estimate the total producable oil equals about 18 million BOE. then reduce it to 75% for INP share you get around 13 million BOE. Now what inground value do you attribute to this estimated oil lets be conservative since the development costs will be high because of the above. So I will use 25 AUD. Some will say it is low but we don't yet know development/production costs for field ( FID done yet no) . This gives you incound value oil 325 million AUD. Increase it to 30 AUD you get around 400 million AUD. Current market cap is around 250 on yesterdays close but don't forget they will need capital to develop the field so I'll assume they need 50 ( just a guess, I believe this will be too low) you already have a market cap of 300. So on face value until alot more info is fact rather than estimate and conjecture, you are making a fairly risky investment with current upside of 100Million.

You may also want to look at 5000 BOE day cash flow to value share but until it is proved over some period again you take big risk.