By combining our understanding of helium geochemistry with seismic images of gas trapping structures, independent experts have calculated a probable resource of 54 Billion Cubic Feet (BCf) in just one part of the rift valley. This is enough to fill over 1.2 million medical MRI scanners. To put this discovery into perspective, global consumption of helium is about 8 BCf per year and the United States Federal Helium Reserve, which is the world’s largest supplier, has a current reserve of just 24.2 BCf. Total known reserves in the USA are around 153 BCf. This is a game changer for the future security of society’s helium needs and similar finds in the future may not be far away.
Seems a few posts on here are to SCARE some investors to bring the share price down so some greedy lot can get some cheap shares because they missed out, go somewhere else with your scare tactics they ain’t working dummies!!
What you on about read the rns it’s good business no extra shares In issue, This share is now getting frustrating Well at 8am sell up and move on, moan moan if you know anything about this area in the world you would understand the politics of this area!!!!
Best thing to do is to look away in the morning price of oil biggest drop ever you only lose money once you have sold out at these levels only a idiot would sell At these levels see you guys in a few months
Dusterhater I get what your saying with regard to a racehorse, but here’s a thought for you if you were Petrochina would you want another big company next to you Farmed in with MATD only a mile or so away or would you try and get in with MATD first?
Secondly for a person who’s invested in MATD like you why are you ****ging MATD personally like many others here you ain’t invested here because no one invested in any company would **** there investment like you do idiot!
Must be something in the water tonight Fools after Fools coming out with S**T, I’m trying to type something but am I with a handful of others here not get what the RNS said, F**K Sake just remember it didn’t say plug and abandoned it said F**King 25million barrels plus, am I in the F**King Twilight Zone!!!!
cautious11 your a fool **** off to another share 16/10/16 share price was 2.9p then on 19/02/17 share price was 35.75 winter months no oil no money, your a pathetic Loser who’s missed out on a cheap entrance price !!!
"The test results at Heron-1 are even better than we expected given that the well is deep in the basin centre. The data gathered will now be analysed and used to secure tenure of a development area in Block XX with a view to transitioning Petro Matad from explorer to producer with revenue generation.
I am delighted that the Petro Matad team has been able to achieve this result having put in so much effort. We look forward to progressing to the next phase of the Company's development."
The why I see it is simple if Heron is 25million barrels x that by $55 a barrel that’s about 1.1 billion pounds on revenue for a company who aren’t producing nothing at the moment if it’s commercial oil then on these figures what do you think the value would be when it would cost $5 dollars a barrel to get out ??