CVN 0.00% 24.0¢ carnarvon petroleum limited

help please

  1. 452 Posts.
    I usually can make sense of things but I am trying to work out how AED's share price is still 1.29 more then four times ours. Their market cap is only 10 million more, they are producing 3500BOPD we are gross 13000BOPD, they are AUD we are USD into AUD.

    We have had no problems with drilling etc not meeting expectations they have had numerous almost failed. Only thing they got was a bailout for 60% by SINOPEC which valued their oil fields at 1 billion but nothing proven?

    Any ideas? I know stupid question as nothing is valued much these days but a company like CVN has had success and is actually producing alot of oil
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