What the oil and gas in the ground is worth, next to what the market pays for the company

Each company below is valued from its own filings: its latest stated reserves and resources, at its latest disclosed ownership, at fixed in-ground prices (A$4 per barrel of oil, A$0.40 per thousand cubic feet of gas). Leverage is that value divided by the market capitalisation. Open a company to change the assumptions yourself - the resource size, the chance of success, how much the company keeps after farming out, even whether the discovery turns out to be oil or gas.