Stimulation work completed, flow testing next

Investment Memo: GGE 2022

Objective #1: Drilling of first well

Our 2021 Catalyst Hunter Pick of The Year Grand Gulf Energy (ASX: GGE) is now almost ready to start flow testing it’s potentially company making pure play helium well in Utah, USA.

Today, GGE confirmed that it had completed stimulation work at its Jesse #1A well and is now completing the final preparation works leading up to the all important flow testing program.

GGE will perform several days of flow testing before final samples for helium concentrations will determine whether or not GGE has in fact made a new helium 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.