how will you value bkp?

I'm just trying to wrap my head around the best way to value BKP.

If we're to work off some of the figures being circulated around the forum of a P90 estimate of 4.8 billion barrels of oil, if only 1% of that figure was recoverable, that would still equate to 48M barrels of oil.

48M * $50 (currently price of oil is a $84 USD, but lets be ultra conservative and factor in overheads) this would still equate to a value of $2.4B. Take out BKP's 25% free carried interest and that leaves $600M for them.

Assuming USD / AUD parity, the value per share then becomes 23c ($600M / 2.6B shares) .

It's a clear multi bagger at these levels even based upon conservative estimations of:

1. 1% recoverable


2. USD / AUD parity


3. $50 for a barrel of oil

Can't wait to see what tomorrow brings!