hog vs mel vs nwe

MEL is recent soaring star of ASX, up nearly 300% already. Now its MC is $72m = 9HOG

Reasons behind soaring is the new NSW energy regulation which allows MEL to develop its CSG projects in NSW.

MEL VS HOG as at 02/10/13

MC: MEL $72M HOG $8M =9HOG

CASH: MEL $20M (not sure how many left after drill the 1st well) HOG $2.5m
EPV: 72-20/(8-2.5) still =9 HOG

Resource: MEL total 2p 411BCF HOG 2p 333BCF
GAS price: MEL AUD7/Mcf HOG AUD12/Mcf
Infrastructure: MEL-not ready HOG established

In production: MEL nil, (will retest the Ripley Road sandstone which had an initial rate of 3MMcf/d. No idea if it can be successful.)
HOG: producing 2.7MMcf/d+67bbl/d

NWE vs HOG

MC: NWE $29M HOG 8M = 3.5HOG
CASH: NWE:2.6m HOG $2.5M
EPV: NWE:26M HOG $5.5 =5HOG
Resource: NWE 2C 28% of 316 bcf HOG:100% of 2p 333bcf
GAS price: NWE AUD7-9/Mcf HOG AUD12/Mcf

In production: NWE 28% of initial flow rate of 3.5MMcf/d
HOG: producing 100% of 2.7MMcf/d+67bbl/d