As someone previously pointed out, the last BCC announcement (on 4/06/2012) contained some insightful graphs comparing a number of ASX-listed oilers. I thought it might be worthwhile revisiting these graphs, having updated them using the new figures in MAD's latest reserves upgrade. A picture is worth a thousand words:
* MAD doesn't have boe... their entire proven and probable reserves are comprised of oil - oil of such high quality that it currently fetches an $18 premium. Draw your own conclusions.
FDM Price at posting:
$1.30 Sentiment: None Disclosure: Held