qgc v chx

QGC CHX

Shares on Issue 352,600,000 140,000,000
Current Share Price $0.72 $1.44
Market Capitalisation $252m $201m

Reserves
P1 126.3(PJ) 69(PJ)
P3 860(PJ) 770(PJ)
(per 2005 Annual Reports)

$/P1(PJ) $1,996,112.43 $2,921,739.13
$/P3(PJ) $293,150.00 $234,418.60

Contracted
Gas Sales (PJ/p.a.) 10.4 8.5

As you can see QGC is still represents reasonable value when compared to CHX on a P1 basis.
CHX currently has the advantage that it is already selling gas and has recorded a profit and good cash flows.