Following on from VOGC's post featuring the 100MMBO...

Following on from VOGC's post featuring the 100MMBO estimate:61276815, and the post: 62874423 with the updated 108MMbbl estimate:
{[(80/bo×0.86)-22.5/bo-15/bo-7.5/bo]×0.75×108MMbbl×0.675}/3,370,204,104=$0.69/share.

Simplified… {[31.7$AUD/bo net]×108MMbbl×0.675}/3,370,204,104=$0.69/share.

If the output was either $0.08, $0.10, $0.20, $0.258/share then substituting the preceding values for $0.69/share and solving for “x” you get the following:

{[$x/bo net]×108MMbbl×0.675}/3,370,204,104=$0.08/share....

therefore,
$0.08/share à $3.7/bo

$0.1/share à $4.62/bo

$0.2/share à $9.25/bo

$0.258/share à $11.93/bo

I disagree with the redditor by many orders of magnitude.

Regardless, the crux of the redditor's point is valid. The point is, that even at about $0.25/share, I agree that it is likely still about 3x undervalued and that share price indicates to me a price per barrel of only about $11.93/bo instead of ~$31/bo net.