asx presentation, page-7

Favre,
BOW has 100 million in cash, has a proposed Arrow pipeline nearby, a power plant under construction to use gas and generate cash , is in Queensland where both parties appear rational towards CSG development and where the land is predominantly grazing land outside the Artesian Basin held by a smaller number of large holders.

MEL has a lower market cap.with potentially large reserves and conventional gas but is running low on cash with a depressed market price and is in NSW with a different political environment. I fear the politics will hold MEL back .

I recently sold some MEL for BOW

Just my opinion.