So looking at current market caps of some of the oilers/gassers...

So looking at current market caps of some of the oilers/gassers listed on the ASX, IMO ELK appears to give some of the most "bang for the buck" - or 46 cents as it may be.


A few examples:

ARQ - with the cap raising and Wandoo purchase a complete change in the company's character. Almost $500 million in market cap. Good prospects, but no longer a small Aussie oiler.

AZZ - maybe finally producing and a big jump on those 'gas shows' that cause almost all shares to jump. Rough market cap: $90 million. $20 million debt in convert notes. Spent big bucks on lots of dry holes.

ADI - zip production and running down the cash. IMO will need more funds just to drill more holes. Market cap about $70 million and no production.

COE - about $120 million in market cap and some cash. Future tied to a couple of new wells and the Cooper. maybe worth a shot.

GDN - unreal that the one hole wonder still has a market cap of $40 million! 30% MORE than ELK with basically nothing there.

INP - already commented on. Market cap over $230 million.

MPO - still almost $150 million in market cap on basically dreams, hot air, and production of well less than $1 million.

PSA - market cap of over $200 million, but can't seem to make a buck despite production.

ROC - huge market cap ($1 billion) compared to ELK and huge debt.

Maybe someone could post the reserves for a variety of companies in terms of oil and gas........