inp valuation vs bpt, page-15

True, their is significant speculative value regarding flow rates. Note that other oil-bearing formations in this basin are producing well in volumes up to about 3000bopd (STU have one around this good - basically same geology, many producing from the same formations).

I'm not suggesting this is a done deal, but odds are very good and gas augmentation should help to boost whatever output they get.

Even a fairly pedestrian rate of production per well looks pretty good when you multiply it by 10 wells and you produce from them for a couple of decades.

The wells are being drilled by professionals (Santos) and if there was significant doubt about production capacity they would have tested the first well to death prior to spending many millions drilling more wells.

Of course there is risk - if this was a definite $2-$5 stock in two years I would have taken a 100% mortgage against the house and sunk it all into INP (but it is not guaranteed and nothing is worth the risk of bankrupting your family).