Stockle - the stock oracle

Friday 9 October 2026 · Oil, gas and mining explorers, from their own disclosures

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.

CompanyListing · priceMarket capAssets valuedIn-ground value (P50, unrisked)LeverageRisked (50% × 50%)
Melbana Energy Limited
ASX · newest estimate 2026-01-28
ASX:MAY · AUD 0.0035
close 2026-10-07
A$13m41A$7.6bnunder reviewunder review
Elixir Energy Ltd
ASX · newest estimate 2025-11-26
ASX:EXR · AUD 0.06
close 2026-10-07
A$120m11A$3.2bnunder review9.28×
COMSTOCK RESOURCES INC
SEC filer · newest estimate 2026-02-19
NYSE:CRK · USD 13.78
close 2026-10-07
A$5.7bn1A$2.8bn0.49×0.49×
Diversified Energy Co
SEC filer · newest estimate 2026-02-26
NYSE:DEC · USD 14.03
close 2026-10-07
A$1.4bn1A$2.4bn1.73×1.73×
FEC Resources Inc.
SEC filer · newest estimate 2025-07-15
US:FECOF · USD 0.0016
close 2026-10-06
A$2m2A$2.2bnunder reviewunder review
GULFPORT ENERGY CORP
SEC filer · newest estimate 2026-02-25
NYSE:GPOR · USD 162.04
close 2026-10-07
A$4.1bn1A$1.8bn0.44×0.44×
Pilot Energy Ltd
ASX · newest estimate 2026-04-30
ASX:PGY · AUD 0.054
close 2026-10-07
A$28m25A$1.7bnunder review15.58×
MACH NATURAL RESOURCES LP
SEC filer · newest estimate 2026-04-06
NYSE:MNR · USD 10.66
close 2026-10-07
A$2.5bn1A$1.6bn0.65×0.65×
Buru Energy
ASX · newest estimate 2026-08-19
ASX:BRU · AUD 0.013
close 2026-10-07
A$18m15A$1.4bnunder reviewunder review
Strike Energy Ltd
ASX · newest estimate 2026-09-01
ASX:STX · AUD 0.105
close 2026-10-07
A$378m37A$1.2bn3.29×0.96×
NORTHERN OIL & GAS, INC.
SEC filer · newest estimate 2026-02-26
NYSE:NOG · USD 24.18
close 2026-10-07
A$3.6bn1A$1.2bn0.33×0.33×
Magnolia Oil & Gas Corp
SEC filer · newest estimate 2026-07-20
NYSE:MGY · USD 24.33
close 2026-10-07
A$8.2bn1A$786m0.10×0.10×
Vital Energy, Inc.
SEC filer · newest estimate 2024-09-23
US:SNYXF · USD 0.07
close 2026-10-06
A$4m1A$681munder reviewunder review
GeoPark Ltd
SEC filer · newest estimate 2023-02-03
US:GPRK · USD 11.11
close 2026-10-07
A$813m3A$576m0.71×0.71×
Kosmos Energy Ltd.
SEC filer · newest estimate 2023-02-27
NYSE:KOS · USD 2.59
close 2026-10-07
A$2.2bn3A$568m0.26×0.07×
Trillion Energy International Inc.
SEC filer · newest estimate 2026-07-15
NYSE:TRLEF · USD 0.083
close 2026-10-06
A$5m4A$554munder reviewunder review
Tamboran Resources Corp
SEC filer · newest estimate 2024-02-26
NYSE:TBN · USD 34.43
close 2026-10-07
A$1.7bn7A$481m0.28×0.14×
BKV Corp
SEC filer · newest estimate 2026-03-06
NYSE:BKV · USD 23.68
close 2026-10-07
A$3.7bn1A$400m0.11×0.11×
GRAN TIERRA ENERGY INC.
SEC filer · newest estimate 2026-01-29
NYSE:GTE · USD 10.37
close 2026-10-07
A$519m5A$374m0.72×0.18×
TXO Partners, L.P.
SEC filer · newest estimate 2026-02-26
NYSE:TXO · USD 13.93
close 2026-10-07
A$1.1bn1A$360m0.33×0.33×
OBSIDIAN ENERGY LTD.
SEC filer · newest estimate 2025-02-04
US:OBE · USD 10.63
close 2026-10-07
A$1.0bn1A$353m0.35×0.35×
Prairie Operating Co.
SEC filer · newest estimate 2026-03-30
NYSE:PROP · USD 0.4058
close 2026-10-07
A$65m1A$318m4.91×4.91×
Granite Ridge Resources, Inc.
SEC filer · newest estimate 2026-03-06
NYSE:GRNT · USD 4.59
close 2026-10-07
A$857m1A$199m0.23×0.23×
Trio Petroleum Corp
SEC filer · newest estimate 2025-04-15
NYSE:TPET · USD 1.59
close 2026-10-07
A$93m3A$178m1.92×1.92×
W&T OFFSHORE INC
SEC filer · newest estimate 2026-03-16
NYSE:WTI · USD 3.57
close 2026-10-07
A$762m1A$155m0.20×0.20×
SANDRIDGE ENERGY INC
SEC filer · newest estimate 2026-03-05
NYSE:SD · USD 13.72
close 2026-10-07
A$720m1A$125m0.17×0.17×
PEDEVCO CORP
SEC filer · newest estimate 2026-03-31
NYSE:PED · USD 12.86
close 2026-10-07
A$242m1A$121m0.50×0.50×
Icon Energy Ltd
ASX · newest estimate 2013-09-04
ASX:ICN · AUD 0.006
close —
A$4m1A$99munder review13.28×
Epsilon Energy Ltd.
SEC filer · newest estimate 2026-03-27
NYSE:EPSN · USD 6.04
close 2026-10-07
A$259m1A$72m0.28×0.28×
Amplify Energy Corp.
SEC filer · newest estimate 2026-03-09
NYSE:AMPY · USD 4.46
close 2026-10-07
A$262m1A$68m0.26×0.25×
Vintage Energy Ltd
ASX · newest estimate 2025-11-19
ASX:VEN · AUD 0.002
close 2026-10-07
A$5m5A$59m12.04×8.53×
EON Resources Inc.
SEC filer · newest estimate 2026-01-21
NYSE:EONR · USD 0.4785
close 2026-10-07
A$34m2A$57m1.67×0.43×
EVOLUTION PETROLEUM CORP
SEC filer · newest estimate 2022-09-13
NYSE:EPM · USD 3.61
close 2026-10-07
A$205m4A$57m0.28×0.28×
PRIMEENERGY RESOURCES CORP
SEC filer · newest estimate 2026-04-16
NYSE:PNRG · USD 209.57
close 2026-10-07
A$469m1A$30m0.06×0.06×
TALOS ENERGY INC.
SEC filer · newest estimate 2026-07-01
NYSE:TALO · USD 16.66
close 2026-10-07
A$3.9bn1A$28m0.01×0.01×
EMPIRE PETROLEUM CORP
SEC filer · newest estimate 2026-03-13
NYSE:EP · USD 2.73
close 2026-10-07
A$161m1A$25m0.16×0.16×
VERMILION ENERGY INC.
SEC filer · newest estimate 2026-07-30
TSX:VET · CAD 16.46
close 2026-10-07
A$2.5bn2A$24m0.01×0.01×
Kolibri Global Energy Inc.
SEC filer · newest estimate 2026-03-18
TSX:KEI · CAD 9.08
close 2026-10-07
A$322m2A$13m0.04×0.04×
BARNWELL INDUSTRIES INC
SEC filer · newest estimate 2025-12-23
NYSE:BRN · USD 0.93
close 2026-10-07
A$19m1A$5m0.25×0.25×
SPINDLETOP OIL & GAS CO
SEC filer · newest estimate 2020-04-02
NYSE:SPND · USD 4.66
close 2026-10-07
A$44m1A$3m0.06×0.06×
MEXCO ENERGY CORP
SEC filer · newest estimate 2026-06-29
NYSE:MXC · USD 10.295
close 2026-10-07
A$30m1A$3m0.09×0.09×
Norris Industries, Inc.
SEC filer · newest estimate 2026-05-29
NYSE:NRIS · USD 0.1311
close 2026-10-06
A$20m1A$188k0.01×0.01×
88 Energy Limited
ASX · newest estimate 2026-07-22
ASX:88E · AUD 0.02
close 2026-10-07
A$27m43A$42.1bnunder reviewunder review
New Standard Energy Limited
ASX · newest estimate 2014-10-28
ASX:NSE · AUD 0.004
close —
A$4m7A$13.5bnunder reviewunder review
Talon Petroleum Ltd
ASX · newest estimate 2023-10-25
ASX:TPD · AUD 0.21
close —
A$140m14A$9.4bnunder review17.33×
Lakes Oil NL
ASX · newest estimate 2026-07-29
ASX:LKO · AUD 0.235
close 2026-10-07
A$22m9A$4.8bnunder reviewunder review
Invictus Energy Ltd
ASX · newest estimate 2025-10-30
ASX:IVZ · AUD 0.061
close 2026-10-07
A$108m5A$4.5bnunder review11.87×
Greenvale Energy Ltd
ASX · newest estimate 2024-05-29
ASX:GRV · AUD 0.021
close 2026-10-07
A$14m3A$3.1bnunder reviewunder review
Triangle Energy (Global) Ltd
ASX · newest estimate 2026-04-29
ASX:TEG · AUD 0.001
close 2026-09-01
A$2m47A$2.6bnunder reviewunder review
Octanex NL
ASX · newest estimate 2017-04-28
ASX:OXX · AUD 0.006
close —
A$2m5A$2.3bnunder reviewunder review
Carbon Minerals Ltd
ASX · newest estimate 2012-03-29
ASX:CRM · AUD 0.31
close —
A$6m1A$2.1bnunder reviewunder review
Calima Energy Ltd
ASX · newest estimate 2023-03-30
ASX:CE1 · AUD 0.009
close —
A$6m25A$2.1bnunder reviewunder review
Warrego Energy Ltd
ASX · newest estimate 2023-01-23
ASX:WGO · AUD 0.355
close —
A$441m15A$1.8bn4.17×1.18×
Greenfire Resources Ltd.
SEC filer · newest estimate 2026-07-13
TSX:GFR · CAD 8.8
close 2026-10-07
A$1.1bn1A$1.8bn1.60×1.60×
ADX Energy Ltd
ASX · newest estimate 2026-07-31
ASX:ADX · AUD 0.019
close 2026-10-07
A$20m34A$1.8bnunder reviewunder review
Sable Offshore Corp.
SEC filer · newest estimate 2025-05-19
NYSE:SOC · USD 3.67
close 2026-10-07
A$996m1A$1.7bn1.69×0.85×
REY Resources Ltd
ASX · newest estimate 2022-07-25
ASX:REY · AUD 0.027
close —
A$29m5A$1.2bnunder review10.54×
Norwest Energy NL
ASX · newest estimate 2023-01-10
ASX:NWE · AUD 0.056
close —
A$389m10A$797m2.05×0.62×
Prominence Energy NL
ASX · newest estimate 2025-11-28
ASX:PRM · AUD 0.001
close 2026-10-07
A$3m23A$1.4bnunder reviewunder review
Comet Ridge Ltd
ASX · newest estimate 2026-07-31
ASX:COI · AUD 0.077
close 2026-10-07
A$129m9A$1.3bn10.25×5.61×
Galilee Energy Ltd
ASX · newest estimate 2026-08-25
ASX:GLL · AUD 0.005
close 2026-10-07
A$10m5A$1.2bnunder reviewunder review
Key Petroleum
ASX · newest estimate 2022-04-12
ASX:KEY · AUD 0.08
close 2026-10-07
A$3m25A$1.1bnunder reviewunder review
TMK Energy Ltd
ASX · newest estimate 2024-04-30
ASX:TMK · AUD 0.12
close 2026-10-07
A$32m7A$841munder review10.26×
Armour Energy Ltd
ASX · newest estimate 2023-07-03
ASX:AJQ · AUD 0.1
close —
A$10m16A$822munder reviewunder review
Brookside Energy Limited
ASX · newest estimate 2025-05-29
ASX:BRK · AUD 0.4
close 2026-10-07
A$39m8A$818munder reviewunder review
Helios Energy Ltd
ASX · newest estimate 2025-09-10
ASX:HE8 · AUD 0.002
close 2026-10-07
A$8m0A$389munder review13.95×
State GAS Ltd
ASX · newest estimate 2026-07-31
ASX:GAS · AUD 0.009
close 2026-10-07
A$5m4A$325munder reviewunder review
Challenger Gold Ltd
ASX · newest estimate 2011-08-29
ASX:CEL · AUD 1.6
close 2026-10-07
A$236m3A$127m0.54×0.51×
GAS2GRID Ltd
ASX · newest estimate 2022-11-25
ASX:GGX · AUD 0.001
close —
A$4m2A$101munder review12.33×
VAALCO ENERGY INC /DE/
SEC filer · newest estimate 2022-08-08
NYSE:EGY · USD 5.79
close 2026-10-07
A$862m3A$75m0.09×0.08×
CoJax Oil & Gas Corp
SEC filer · newest estimate 2025-07-21
NYSE:CJAX · USD 3.55
close 2026-10-06
A$71m1A$1m0.02×0.02×
BIG SKY INDUSTRIAL INC.
SEC filer · newest estimate 2022-06-30
NYSE:BSIN · USD 1.43
close 2026-10-07
A$106m1A$969k0.01×0.01×
ABUNDIA GLOBAL IMPACT GROUP, INC.
SEC filer · newest estimate 2025-02-24
NYSE:AGIG · USD 0.9105
close 2026-10-07
A$57m1A$353k0.01×0.01×
CAMBER ENERGY, INC.
SEC filer · newest estimate 2024-03-25
NYSE:CEIN · USD 0.0266
close 2026-10-07
A$11m1A$201k0.02×0.02×
ALTEX INDUSTRIES INC
SEC filer · newest estimate 2025-11-28
NYSE:ALTX · USD 0.2299
close 2026-10-07
A$4m1A$10k0.00×0.00×
Byron Energy Ltd
ASX · newest estimate 2023-09-25
ASX:BYE · AUD 0.054
close —
A$58m20A$249m4.26×2.47×
Pancontinental Oil & Gas NL
ASX · newest estimate 2025-11-28
no price—11A$26.4bn——
FAR Ltd
ASX · newest estimate 2025-04-28
ASX:FAR · AUD 0.315
close 2026-10-07
share count being checked43A$10.4bn——
Hartshead Resources NL
ASX · newest estimate 2026-04-30
no price—28A$9.4bn——
Fitzroy River Corporation
ASX · newest estimate 2023-09-15
ASX:FZR · AUD 0.32
close 2026-10-07
share count being checked5A$5.5bn——
Finder Resources
ASX · newest estimate 2026-08-20
no price—20A$4.3bn——
Karoon Energy Ltd
ASX · newest estimate 2025-08-27
ASX:KAR · AUD 1.535
close 2026-10-07
share count being checked8A$4.0bn——
Central Petroleum Ltd
ASX · newest estimate 2026-01-30
ASX:CTP · AUD 0.061
close 2026-10-07
share count being checked15A$3.0bn——
Otto Energy Ltd
ASX · newest estimate 2023-08-30
ASX:OEL · AUD 0.0075
close 2026-10-07
share count being checked20A$1.7bn——
Tlou Energy Ltd
ASX · newest estimate 2019-01-15
ASX:TOU · AUD 0.003
close 2026-10-07
share count being checked1A$1.2bn——
INFINITY NATURAL RESOURCES, INC.
SEC filer · newest estimate 2026-03-17
no price—1A$636m——
Xstate Resources Ltd
ASX · newest estimate 2025-09-29
ASX:XST · AUD 0.0115
close 2026-10-07
share count being checked10A$493m——
Po Valley Energy Limited
ASX · newest estimate 2026-07-31
ASX:PVE · AUD 0.093
close 2026-10-07
share count being checked19A$376m——
Senex Energy Limited
ASX · newest estimate 2010-04-01
no price—20A$332m——
Veren Inc.
SEC filer · newest estimate 2021-03-04
no price—1A$266m——
Horizon Oil Ltd
ASX · newest estimate 2026-08-10
ASX:HZN · AUD 0.215
close 2026-10-07
share count being checked6A$133m——
Lion Energy Limited
ASX · newest estimate 2026-01-06
ASX:LIO · AUD 0.015
close 2026-10-07
share count being checked4A$88m——
Red Sky Energy Ltd
ASX · newest estimate 2026-04-28
ASX:ROG · AUD 0.001
close 2026-10-07
share count being checked6A$34m——
Winchester Energy Ltd
ASX · newest estimate 2022-09-20
ASX:WEL · AUD 0.001
close 2026-10-07
share count being checked6A$33m——
PHX MINERALS INC.
SEC filer · newest estimate 2025-03-12
no price—1A$30m——
Metgasco Ltd
ASX · newest estimate 2024-10-17
ASX:MEL · AUD 0.019
close 2026-10-07
share count being checked2A$13m——
High Peak Royalties Ltd
ASX · newest estimate 2018-10-29
ASX:HPR · AUD 0.105
close 2026-10-07
share count being checked1A$6m——
TRULEUM, INC.
SEC filer · newest estimate 2024-04-05
US:TRLM · USD 0.0005
close 2026-10-06
share count being checked0A$880k——
Petrolia Energy Corp
SEC filer · newest estimate 2022-05-16
no price—0A$393k——
AleAnna, Inc.
SEC filer · newest estimate 2026-03-31
NYSE:ANNA · USD 2.65
close 2026-10-07
share count being checked1A$281k——

Where the numbers come from

Reserves, resources and working interests are read from each company's own disclosures - SEC filings (10-K, 20-F, 40-F, 8-K, 6-K) and ASX announcements - with the sentence each figure came from kept for checking. Prices are the latest close.

What leverage means

1× means the market values the company at exactly the in-ground value of what it has disclosed. Producers usually sit below 1× because this ignores costs and timing; explorers above 1× are priced below their own stated resources.

Risked

Undiscovered (prospective) resources are multiplied by a 50% geological chance and a 50% development chance, contingent resources by the development chance only, and reserves not at all. Change these on each company's page.

100 companies