Share price calculation First of all, I am not an expert in this field, but I am in explorers for a while. So read with caution and please reply if you don't agree with my estimates. However they are very conservative.
We have round about 2,7 billion of barrels of oil (=> LOW estimate)
Lets say 35% recovery factor => 0,941 billion barrels
70% working interest => 0,6615 billion barrels
50% tax for Namibia => 0,33075 billion barrels
estimated profit per barrel 5US$ (<= very conservative, due to its all estimated so far)
makes 1,65375 billion US$
shares 70 million => per share round about 23,50US$
10% of 23,50US$ because so far we only have estimates => 2,35US$
As I said I calculated very conservative (35% recovery, 5US$ profit).
What do you think?