Shareholder briefing tomorrow - drilling this month/early Jan

Published 07-DEC-2022 14:26 P.M.

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Our 2021 Catalyst Hunter Pick of the Year Grand Gulf Energy (ASX: GGE) is hosting an investor webinar tomorrow morning to run through the details of its Red Helium Project in the USA.

GGE managing director Dane Lance will run through a presentation for shareholders followed by a Q&A in regards to the company’s helium project.

The details for the call are as follows:

Date: Thursday 8th December 2022
Time: 11:00 am AEDT / 08:00am AWST
Zoom webinar link: https://us06web.zoom.us/webinar/register/WN_zNBd2U9GQAaspCbXIwoLWg

GGE is preparing to drill its helium discovery with its second well, the Jesse #2 well which GGE expects to drill late Q4-2022/early Q1-2023.

The ultimate aim for the program will be to show GGE can produce a commercially viable flow rate from its discovery.

For GGE to deliver a commercial helium project it needs:

✅ A proven helium structure: A >61m gross gas column (with ~31m of independently audited net pay).
✅ Commercial helium grades: Helium grades of up to 1% returned to surface (higher than our 0.4% expectation).
🔄 Commercially viable flow rate: GGE’s Jesse #2 well will be drilled to test this this.