bow sp?

Hi.

Looking at BOW and surprised at the current sp in comparison to say SGL (SGL was $0.42 aprez takeover) considering they had similar mkt cap (SGL $184m vs. BOW $164m) and SGL announced 25,000 PJ reserves vs 192PJ ATP794P (0.77%) for Bow.

The recent cap raising, though necessary for proving up reserves, should have had a dilutive sp effect too.

I can appreciate that BOW's acreage has lots of potential but I can not understand the sp movement (or market sentiment for that matter - that's my problem of course). :-)

I would have thought that the likes of VPE offered similar value (Growler oil income for continued CSG exploration, no debt, respected ex-QGC major shareholders).

Can anyone enlighten me on this anomaly?
Apologies if this has been discussed before.

Good luck to all holders.

John.