You need to understand both of these companies in much more detail to be able to comment accurately.
Explain how you think WGO should have a similar market cap ?
STX have the operated position for a start - that alone adds significant value to STX's 50% share of WE-2, They have significant run-room in the perth basin that is prospective for the same plays (WGO have some ground to the north that is not in the trough). STX have a major cooper basin play in pilot stage that is on the cusp of desorption for commercial flows (WGO is a LONG way from having any other project in play). STX's cooper project would delineate 11TCF of gas into the east coast market. They have other conventional and non-conventional plays in the perth basin plus prospective oil ground in the cooper.
And they have a far superior management that has done an exemplery job so far (IMO)
STX SHOULD be trading at more than double the market cap of WGO, and probably a lot more than that
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