This is what The Australian had to say: "Grand Gulf Energy (ASX:GGE)
Meanwhile, Grand Gulf has picked up a fair bit of attention after well head sampling at its Jesse#1A exploration well returned helium concentrations of between 0.44% to 0.65% helium.
This compares very favourably with Doe Canyon, has about 0.4% helium content in the same target Mississippian Leadville dolomite formation.
Along with strong reservoir pressures, this raises the likelihood the company’s gross unrisked prospective resource estimate of 10.9 billion cubic feet of helium is on the money.
Unfortunately, water ingress and reservoir pressures being sub-hydrostatic made it difficult for the company to attempt flow testing at this stage, with work now under way to fix this issue when it re-enters the well next quarter."
GGE Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
