The 88E and SGC are totally different beasts. 88E is looking for...

The 88E and SGC are totally different beasts.

88E is looking for oil and their current well may prove upto 645 Million Barrels of contingent resources.
The in-ground value of these resources is generally about $2 per barrel.

So a total of approx $1.29 NPV for 100% of oil

88E will have 50% working interest and 42.4% Net interest after this well is drilled.

If everything is proven, the total value ascribed to 88E will be approx $548 Million US

The current market capitalisation of 88E is already above that (even at 7 cents per share). The room for disappointment is quite high.

SGC is targeting gas. The inground gas value is genrally 75 cents to $1 for each mcf 0r $750K to $1M for each BCF.

So if we have a proven 1 TCF then total in ground value will be between $750M to $1 Billion in total. Based on respective interests,you can work out the share prices.