the value of the cooper basin , page-15

correct

all i have done is used the process of how UBS have valued DLS conventional oil and gas assets , dicounted the BPT figure to reflect a higher gas mix, used the 95 mboe 2p reserve figure Bpt have flagged for the july august reserve upgrade. This 95 mboe figure excludes as per their presentations the internatinal reserves which i would assume would be in the vicinity of 3-4 million oil barrels net to BPT.

so in BPTs case the 95mboe at $20 per NPV ( could easily use 98 or 99 million and include international oil) = 1.9 billion. Now to be fair we should exclude development capex of appox 100 million and that gives us 1.8 billin for conventional assets only

cuurent marlet cap 1.2 billion and ex cash EV is about 1 billion. so not only is shale , big oil, CB upside etc etc free but the conventional assets are trading at a decent discount as well
now the amazing thing is despite the 2p reserve increase has been flagged by BPT , expect to see a raft of broer upgrades as none have added these in the valuations yet