50,000 bd value Yeara ago, 10,000 bd equaled a $8-10.00 share price. However, times have changed and definitely regions due to politics/political situations. A big hit on the price always is the debt of the company as it has a negative effect on the price.
Look at PBN-light oil in Bakken region, 43,000 bd and stock around $12.00-target was in the $20.00's. Then, underpriced NXY in the teens with world wide oil production. Look back at Hurricane in the stans a few years back, production 150,000 bd and taken over by China in the $60's range.
It could be a benchmark once production hits over 100,000 bd and still more potential for growth, then, the majors will want it.