Grand Gulf Energy
Grand Gulf Energy Ltd. is an Australian listed company focusing on pure-play helium exploration in the US (ASX:GGE, OTCQB:GRGUF)
The Red Helium project is located in Utah, in the prolific proven helium producing Four Corners area of the US. The project has a gross unrisked P50 Prospective Resource of 10.9bcf recoverable helium (independently estimated), with over 29,000 gross acres leased.
Grand Gulf Energy is currently majority shareholder of Valence Resources LLC, operator of the Red Helium project, with the right to earn up to 85% by drilling three exploration wells. The first well Jesse#1 is scheduled to spud mid-April 2022 and will take Grand Gulf Energy to 70% interest.
