"Australian Unconventional Oil & Gas, Time to Ride the Wave September 2013" ... Worth a thorough read IMHO
http://www.armourenergy.com.au/assets/downloads/investment_research/2013/09-2013_rfc-ambrian_australian-unconventional_oil_and_gas_report_.pdf
Key findings
Producers:
"Beach Energy and Drillsearch Energy — An underappreciation of the value of current Cooper Basin conventional gas reserves and resources."
Explorers:
"Armour Energy, Buru Energy, Strike Energy and New Standard
Energy — A large valuation discount for pure exploration
companies."
Companies covered in review and page
Beach Energy 36
Senex Energy 62
Drillsearch Energy 82
Cooper Energy 100
Strike Energy 120
Armour Energy 134
Buru Energy 154
New Standard Energy 170
Blue Energy 186
Central Petroleum 187
Empire Energy Group 188
Empire Oil & Gas 189
Falcon Oil & Gas 190
Icon Energy 191
Lakes Oil NL 192
Linc Energy 193
Norwest Energy 194
PetroFrontier Corp 195
Santos Ltd 196
Tamboran Resources 197
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