yes and no. There is no definitive way to know if all...

yes and no. There is no definitive way to know if all information has been factored in by the market even if that is the held assumption, certain things like the flow rate and hydrocarbons can’t really be factored in totality because of the possibility of deviation in terms of their rates.

IMO the best way to make the assessment of over/undervalued is to look at similar companies valuations with similar business models and reserves at the parallel stages of development/production. - (yeah they are undervalued)

Also a lot of the time the market will do whatever the f* it wants and rational valuations no longer become rational - tech stocks being over valued as f* (BRN), uranium explorers over valued etc - regardless, certain industries follow a pattern of valuation such as mining explorers ie: explore, find some shitty ore, cap raise, start digging, share price pumps, results are dogshit or uneconomical, price tanks, repeat cycle.

I am of the opinion we will see a share price increase regardless of factored in news due to de-risking and fomo from more retail investors, how long and far that will carry the share price before further un-factored announcements is the question.

A lot of people on these forums just use market manipulation as the boogeyman that derails a good stock as they see it, even though there may have been endless red flags along the way.

Long story short, this is a solid looking investment, management has clear cut goals and outlines of how they will achieve them, they appear to be taking advantage of the market forces in regards to oil and they are in a very real position to produce multiple wells before we all die from old age. That alone in comparison to most oil explorers on the asx is reason enough to hold a positive sentiment. Oh that and they actually hold f*ing oil reserves.