From the recent presentation
"1P and 2P oil reserves only valued at A$3.98 per barrel 1P and 2P oil and natural gas reserves valued at A$2.90 per barrel of oil equivalent"
And at .087c the shareprice has only risen 15%, market cap only risen $2mil, to account for potential of 600boepd - 1200boepd or around $4mil net cashflow to PYM per quarter. not including further development wells.
company maker, page-2
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