The presentation is the net present value of future cash flow. I don't confess to being able to explain this fully but it is the cash flow after production cost and royalties discounted by the cost of capital to hold until production is achieved.
This number is possibly conservative at $25 a barrel but the oil price would probably have to near $200 to suggest A NPV of 100 and 4X the share price.
QPN Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
