For more evidence about how undervalued EPG is check out PVE.
From what I can gather they have approx approx 36PJ (1P), approx 68PJ (2P) and approx 25.8 PJ (3P)...less than EPG. No cash flows yet and drawing on debt facility...cash = $4million cash with cashburn at about that...market cap = $123 Million.
Its a conventional gas company of course.
Then again, EPG is already producing cashflows, has 140PJ of 2P and huge total resource upside - 9000PJ - Market cap = $46 million.
EPG Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held