I'd like to see a comp of market cap compared to reserves for a number of the Oz oilers posted.
Start with market cap and remove the cash and add the debt.
And by reserves I'd like to see it done for 1P, 2P, and 3P.
Speaking of that other company, it has to be one of the most expensive oil stocks on the planet in terms of price per 3P reserves.
You read that right, 3P reserves - the stuff that may be there or not be there...........over 50 cents per boe equivalent and that includes a lot of NG.
With AZZ we are walking around blind as we know nothing about that petrohawk JV. Could be worth a fortune or it could be worth squat...............
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