Grand Gulf Energy Limited (AU:GGE) has released an update.
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Grand Gulf Energy Limited has announced the identification of three new potential helium reservoirs at the Red Helium Project, which could significantly increase the project’s scale and helium concentration. These deeper reservoir targets, in addition to the primary Leadville and McCracken sandstone targets, have been proven by nearby fields and will be tested in upcoming well operations. The discovery offers the potential for substantial resource expansion and improved gas flow rates at a modest additional cost.
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