Almost ready to flow test for helium concentrations

Investment Memo: GGE 2022

Objective #1: Drilling of first well

A workover rig had started mobilising at Grand Gulf Energy’s (ASX: GGE) Jesse #1A well site to begin flow testing for helium concentrations.

This comes two weeks after GGE intercepted a 203 foot (~62 metre) gas column in its maiden drilling program at its US helium project.

GGE didn't give any indication of timing for the results from the flow testing program but we expect at least an update within the next week or two.

As mentioned in GGE’s announcement today, “flow rates and laboratory analysis of sampled helium concentration will be the ultimate determinant of a successful commercial discovery”.

In our last note on GGE we detailed our bullish, base and bearish case expectations for the flow test results, to read that note click here.