RE: Exercise of Share Options18 Nov 2020 08:36
To add to joatmans post.
The future value (mcap) of BPC will be reflected in the value of the discovered asset. You won't need to wait until the oil is actually sold to see the share price rerate.
Sound energy is an example where the company share price went from 3p to £1, without ever extracting any gas. Reaching £600m mcap. Crazy really. Obviously things went horribly wrong... But not before people made a lot of money from it.