Don't get me wrong...I'm not knocking RGNO. From what I've seen/read, it appears to be one of the better O&G plays available.
However, share structure and insider aside (assuming equality), HMGP still shows much more in PR than RGNO, yet has a lower marketcap, despite this.
So's no one mistakes me, I'll end it there, as I'm not here to win any converts, because in the end, 2+2=4.