Hi SP, at times Arc seemed to have been singled out for unfair...

Hi SP, at times Arc seemed to have been singled out for unfair treatment but at least now it is in line with other oilers.

AED now claims 100 million barrels of recoverable oil, offshore from ARQ's Canning permits, with first production starting in a few weeks. With a market cap of $800m that's a valuation of $8 per barrel in ground. Holders have every right to whinge about that meagre valuation!

ARQ has around 20 million barrels valued at $23 per barrel (roughly in line with it's peers, BPT etc.) but is already a reliable producer and with huge potential in the Canning plus Yemen.

So both are undervalued, buy ARQ for a quick run up on Canning drilling then use part proceeds to buy AED and after that runs, get into AZA that was $1.37 in may and $0.97 now. That's plan A, dreams are free.

Lets hope the Aussie energy market soon uncouples from the US mortgage crisis, it's a ridiculous association. I mean you lose your house so you sleep in your car, and keep moving around to keep away from the creditors, right?