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
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
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
