WGO (WE3): Gross Kingia 60 metres, net Kingia 30 metres
NWE: Gross Kingia 34 metres, net Kingia 20.2 metres
Gross is not that relevant IMO as it includes tight gas.
NWE has 20% of interest. 80% owned by Mineral Resources who wants (cheap?) gas for their projects. WGO has 50% interest in WE.
Yet NWE's market cap is 80% higher. I don't understand, it may the be the chart thing and cheerleaders etc.
Any explanations welcome
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