Grand Gulf Energy Ltd
Grand Gulf Energy Limited is an Australia-based independent exploration and production company, with operations and exploration in North America.
The business
Grand Gulf Energy Limited is an Australia-based independent exploration and production company, with operations and exploration in North America. The Company's Red Helium project is located in Utah, in the prolific proven helium producing Four Corners area of the United States. The project has a gross unrisked P50 Prospective Resource of 10.9 billion cubic feet (bcf) recoverable helium (independently estimated), with over 29,000 gross acres leased. The Company has an option agreement to acquire a 70% working interest in Petroleum Exploration License (PEL) Block 2312 offshore Namibia through the acquisition of Wrangel Oil and Gas. It is a majority shareholder of Valence Resources LLC, operator of the Red Helium project, with the right to earn up to 85% by drilling three exploration wells. The Company has approximately 39.65% working interest (WI) in Desiree Field, 55.5% WI in D&L Field and 66% WI in DJ Basin, Colorado, United States.
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Latest news
Grand Gulf Energy Taps High Helium Prices for Project Strategy Update
Grand Gulf Energy updates Utah's Red Helium Project as surging helium prices from Qatar disruptions prompt a potential third well.
Grand Gulf and Sage Potash to partner on dual-commodity exploration in Utah’s Paradox Basin
In what to some might seem an unlikely mix, Grand Gulf Energy (ASX: GGE) has signed a memorandum of understanding (MoU) with TSXV-listed Sage Potash to hunt for helium and potash in Utah. The MoU will see the companies collaborate on exploration activities within an area of mutual interest at the Red Helium project. Under […]
Grand Gulf Energy joins oil majors in offshore Namibia push with Walvis Basin deal
Grand Gulf Energy (ASX: GGE) has moved to join the likes of Shell, Chevron and TotalEnergies in exploring the “hot” offshore Namibia play by entering into an agreement to acquire a controlling interest in a large block in the Walvis Basin. The company has entered into a binding option agreement to acquire 100% of Wrangel […]
Grand Gulf Energy prepares to spud Jesse-2 well within Red Helium project
Perth-based explorer Grand Gulf Energy (ASX: GGE) has received regulatory approval to drill a second pure-play well at the Red Helium project in the prolific Four Corners region of Utah’s Paradox Basin. Approval came from the Utah Division of Oil, Gas and Mining (UDOGM) and places Grand Gulf in a position to spud the Jesse-2 […]
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