Oil $60 Short Term Target, page-104

The half year result was slightly worse than I was expecting but that was only due to the exploration write off being around $16M higher than I expected and also I didn't factor in the inventory writedown due to the lower oil price $14M.
The after tax impact of that was about $21M.

Actual sales revenue, production costs and all other costs came in pretty much as expected/previously reported in the quarterly report.
The full year outlook was also broadly in line with previous guidance.

The SP was $1.755 prior to the half year results coming out and normally with the oil price jumping plus the stock market going up you would have expected BPT to be sitting at around $1.84 now (inline with STO/WPL movement).
So assuming other analysts had similar shortfalls to me ($21M) that equates to about 1 cent per share so you would think the SP would be around $1.83 currently.
The drop today to $1.52 meant the market reduced the value of BPT due to that $21M lower than expected half year actual by about $630M which is crazy.

Next quarter production and sales revenue will be stronger so the SP will not stay this low for much longer as it clearly has been totally oversold.