pym potential, page-2

"Am I missing something/ does my arithmetic add up?"

NO!

Make sure you include BOE as revenue based, not 6:1, royalties, decline rates, taxes and production costs.

I suggest a PE of 2 at the maximum for those new wells.
$40bo is a rough figure for NPAT assuming you have the flow rates you quote.

And then add a figure depending on how many wells you expect to be successful at a savage discount to cover risk.Bearing in mind PYM only realistically have this one asset, the other assets are token assets that mereely contribute to the running costs but will never justify an investmentin the company.
Cheers