Has anyone got any research or done a valuation on INP? On a...

Has anyone got any research or done a valuation on INP? On a broad level, I come up with the following ... INP's current EV = ~$50m. Current oil players trade on EV/BOE 2P of ~$15/bbl. Flax and Juniper have 42m bbls OIP or 172m bbls OIP if the two fields are proven to be connected. Assuming recovery/commerciality factor of 25% and INP's 62.5% share of both fields gives 6.6m to 26.7m BOE net to INP. If the current valuation EV/BOE benchmark of $15/bbl is applied, gives a valuation range of $96m to $393m. So on this basis the stock is potentially worth 2x to 5x the current price. Any feedback would be greatly appreciated.