Trading halt, flow test results pending.

Published 27-JUN-2022 16:48 P.M.

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Investment Memo: GGE 2022

Objective #1: Drilling of first well

Our 2021 Catalyst Hunter Pick of The Year Grand Gulf Energy (ASX: GGE) just went into a trading halt pending the flow test results from its potential company making pure play helium well in Utah, USA.

We have been looking forward to GGE completing and then reporting on the results from this drilling program ever since we first Invested back in October 2021.

Only 9 months later we get to see whether or not GGE has in fact made a new helium discovery in the US, which could see it go from explorer to producer off the back of one drilling program.

GGE expects to come out of a trading halt at the earliest of “the commencement of normal trading on Wednesday, 29 June 2022 or when the announcement is released to the market” so we only have to wait another two days.

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.