@ 62 cents, metgasco has a EV of 114-17= 97 millionbooked 2p...

@ 62 cents, metgasco has a EV of 114-17= 97 million

booked 2p reserves (pre kingfisher) = 264 pj

this indiciates a 2p/ev ratio for MEL of .37

peer ratios???

esg @ 91c - 1.79
rfe @ $1.19 - 1.74
bow @ $1.38 - 14.55
mpo @ $1.20 - 1.42

now, im not going to go into a discussion about the differences in these specific companies as im too lazy, but even once you factor in the advantages any of these companies possess on MEL, a .37 ratio still shows MEL to be significantly undevalued compared to peers (who are incidently, mostly significantly undervalued themselves!!)

with a very positive kingfisher result who knows what could happen??