MTM doing well GGE 20 December 2023 Jesse-1A Flows 1 Million...

MTM doing well
GGE 20 December 2023

Jesse-1A Flows 1 Million Cubic Feet of Gas Per Day
• Significant Jesse-1A results demonstrate reservoir quality with
measured helium concentrations trending up from 0.78%1 - consistent
with the previously measured 1% helium from a downhole sample.
• Jesse-1A to be sidetracked for casing, completion and focused
stimulation ahead of production in early 2023.
Grand Gulf Energy Ltd (ASX:GGE) (“Grand Gulf” or the “Company”) is pleased to
advise that during comprehensive flow-testing of the Jesse-1A well, the upper Leadville reservoir
flowed helium gas to surface at a raw gas rate of 1 million cubic feet per day (mmcfd).