Todays announcement is very significant from a value add point of view.
We have gas free flowing to the surface from existing bore holes which might be able to be captured for commercial production without a long lead in period.
The existing bores can also be used for wirelogs to quickly determine productive zones, permability and porosity.
That data can then be used to correlate any new or reprocessed seismic. Again a significant time saving.
And then theres potential income from both helium and carbon credits.
Given the acreage is bigger than China this could be a huge asset.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held