Drill Permit Application submitted for Jesse 1
Grand Gulf Energy Ltd (ASX:GGE) (“Grand Gulf” or the “Company”) is pleased to advise that the Application for Permit to Drill (APD) has been successfully lodged with the Utah Division of Oil, Gas and Mining (UDOGM) for the Company’s forthcoming maiden helium well, Jesse#1, at the Red Helium Project in Utah, USA.
DECEMBER 2021 QUARTERLY REPORT
Highlights Grand Gulf Energy Limited (ASX: GGE) (Grand Gulf or the Company) is pleased to provide shareholders with the following summary of its activities during the December 2021 quarter. Red Helium Project Updates Maiden Resource – On 8 December 2021 the Company announced a maiden Prospective Helium Resource of 10.9 BCF helium (most likely – P50) gross to incorporated JV … Read More
Well Permitting Commenced Top Drilling Manager Appointed
Experienced Drilling Engineer, Doug Frederick, has been appointed as Drilling Superintendent for the Red Helium Project: Ex-Shell engineer with 20 years of experience at neighboring Doe Canyon helium/CO2 field. Mr Frederick’s hands-on local knowledge is a major step towards implementing a large-scale drilling programme. Optimal well site selected and permitting commenced for the maiden helium well, Jesse #1
Grand Gulf increases right to earn 85% of Helium Project
Strategic acquisition sees GGE acquire an additional 30% of the Red Helium Project (total now 55%) with the right to earn up to 85 The project partners have elected to receive 85% of the acquisition cost in GGE shares (escrowed for 6 months) P50 unrisked Prospective Resource attributable to GGE at the Red Helium Project has increased to 6.3 BCF … Read More