what's it worth to bkp?

If we assume that the figures are correct (confirmed once we have the ann), what is it worth to BKP and how will that compare with our current market cap - thus giving us a reasonable basis for determining a base SP valuation...

I've seen others do comparisons with price per barrel of oil (think $15-20 per barrel is what I've seen commentators stating) and so with my limited knowledge I won't post any calculations without knowing this base price to multiply each barrel by. Does anyone with more experience in O&G care to comment?

Probably the biggest question is - if we are free carried into these two wells and have 25%, is this 25% of gross revenue or is that of the net pay? Give we are free carried and AEC are carrying all costs, is our 25% only relevant after costs of producing are taken into account? It would make sense that we would only receive 25% of net pay but would be good to have clarity on this issue.

I look forward to responses from the knowledgeable. Thx in advance!