how much is tui worth to ppp?

From the recent AGM the following was stated;

Net Tui production 0.48 MMbbls in 2009-10 with net 2.23 MMbbls (2P)
reserves remaining at 30th June 2010.
Gross revenue of A$43 million in financial year 2009-10, with a gross
operating profit after royalty of A$24 million.

Now let me see if I understand this right
If 0.48MMbbls can bring in $24M , then the remaining 2.23MMbbls should bring in a profit of $111 million?

Does this make sense?