Grand Gulf Energy (GGE.AX GRGUF)announced that, following a seismic, petrophysical, completion and production review of analogue helium fields in the region, the company has identified three highly prospective deeper stacked potential helium reservoir targets that will be tested in future well operations. Per Grand Gulf, the updated well design and engineering (casing and perforating the entire basinal stratigraphic section) will add significant helium upside to the already identified Mississippian Leadville dolomite (10.9 billion cubic feet) and Devonian McCracken sandstone (2.7 billion cubic feet) targets. In a success case, deeper helium reservoirs will be perforated and tested for modest additional cost.
GGE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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