GGE 0.00% 0.5¢ grand gulf energy limited

Ann: Joint Development Agreement - $1m Contribution to Jesse-3, page-7

  1. 649 Posts.
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    Does this mean Sage Potash is going to fund / payment of 50% of the drilling cost for our soon to be 85% stake in Jesse- 3 well ?....
    So Sage Potash can obtain core samples from our jointly owned lease which GGE has the sole rights to the deep Helium gas Beneath the ground and Sage Potash has the above 200m of Potash commodity rights to the Jesse- 3 well leases ?

    if So this is an awesome cost saving for GGE shareholders IMO

    Can anyone else help with interpret this announcement any better ?

    256lith


 
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