Nice post Hellosailor.I have been watching MEL,LNG very closely....

Nice post Hellosailor.

I have been watching MEL,LNG very closely.
LNG had some very good buying during the 3 day sell off, from the earth quake.
Mel remains unloved, and totally under valued. (imo)

I was working on a comparison between MEL, BOW and ROG over the weekend.

Didn't get to finish ROG as the kids decided I was fly paper. lol. So here it is. (I do understand that ROG is not in this league) But they are the neighbors.

---------------
MEL 34.5C.
Market Cap. $87,000,000
Issued shares. 252,460,972
Cash in Back (Last "Q") $13,000,000. (per share = .05c)
Cash burn per "Q" $5,000,000.

Reserves. 1P = 2.7PJ
2P = 397PJ
3P = 2,239PJ
2C = 1,177PJ
----------------

BOW. $1.00.
Market Cap. 348,000,000
Issued shares. 348,972,041
Cash in Back (Last "Q") $113,681,000 (32c per share)
Cash burn per "Q" $50,910.000

Reserves 2P = 114PJ
3P = 2,574PJ
2C = 2,014PJ
----------------

ROG. .017C
Market Cap. $20,000,000
Issued shares. 1,191,508,972
Cash in Back (Last "Q") $2,689,000 (.002c per share)
Cash burn per "Q" $750,000. (Just from last "Q")

Reserves 2P = 17PJ
3P = 380PJ
2C = 629PJ
---------------

I agree that a JV with MEL would not happen for a while, but they have to be thinking of it. Even 3 party gas would be fine by me.

Rog is still an infant, but is starting to crawl.

Just my opinion.