Hyperdynamics Corp (HDYNQ)

[lvl99]

Someone check my math but based on 2013 NSAI report HDY concession had 10.374 billion barrels of unrisked gross oil. Taking into account the oil risked, I get 1.3032 billion and 37% hdy share comes to 482.184 million barrels of oil.

A) is my math correct and
B) what is industry standard value placed on risked barrels of oil. I understand there is a difference between proven reserves and what they think could be down there but it nonetheless makes you wonder what company would be worth if they were to hit oil.