Grand Gulf Energy Limited (AU:GGE) has released an update.
Grand Gulf Energy Ltd has announced the receipt of all necessary governmental approvals for drilling the Jesse-3 well, targeting deeper helium reservoirs in the Red Helium Project. The well is poised to explore significant helium potential beneath the primary Leadville target, with additional secondary targets identified. By drilling proximal to historical wells with proven gas, the company aims to capitalize on the Jesse-3 well’s strategic location to confirm and expand upon previous findings.
For further insights into AU:GGE stock, check out TipRanks’ Stock Analysis page.