GGE waiting for some news update -- 8 June 2023 - Optimised Jesse-3 Location Targets Structural High and Potential Quality Reservoir as determined from Local Well Control •
The proposed location of the Company’s third helium well, Jesse-3, targets a seismic high proximal to the historic Redd-1 well that has strong evidence of secondary vugular dolomitic porosity development on logs •
Jesse-3 has the potential to be up to 70 feet structurally high to Jesse-1A •
Proximal well control de-risks reservoir, structure and potential for water ingress •
Jesse-3 has the potential to evaluate a deeper secondary target, the McCracken Sandstone, a proven helium producing formation in the region,
in addition to the primary Leadville Dolomite target. •
Jesse-3 planned for Q3/Q4 spud
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