....and they're off, page-5

re: comparing gas stocks.. Haven't followed MPO but if you look soley at 1P reserves, which seems to be what contractees trust, QGC seems to be the better buy. Using (Capitalisation minus cash position)/1PJ of 1P reserves --> MPO is valued at $1.05million per 1P PJ and QGC at .96million. The fact that MPO has already got cash flow and QGC doesn't may explain this difference. Other things that leap out:
- QGC huge reserves of 2P and 3P, being upgraded at the moment, and remaining acerage to be investigated. MPO seems to have lots of extra potential, given its size, too though. Can't really comment on MPO, but know QGC has heaps more acreage it could explore.
- the heap of options at 10 cents MPO would also be a concern...I don't know if they are the correct figures...I think the ordinary share numbers above might be off as according to Westpac says MPO is capitalised at $23million.

On that alone, I think QGC looks a little bit more attractive. Of course that doesn't mean they aren't both good buys in the long-term, its just a matter of degree. Hope this gets someone more informed coming along and giving some better details.