Workover rig scheduled to conduct helium flow test

This morning our 2021 Catalyst Hunter Pick of The Year Grand Gulf Energy (ASX: GGE), detailed the forward work program for its new helium discovery in Utah, USA.

GGE announced that it had scheduled a work-over rig to conduct a flow test at the Jesse #1A well later this month or early September.

This well will follow up on the discovery GGE made at its first pure play helium well (Jesse #1A), where GGE returned helium grades consistently measuring between 0.44 and 0.65%.

With the flow test, GGE will be looking to complete the final part of the process to take GGE from helium explorer to producer.

1. A proven helium structure that can be followed up with additional drilling. ✅
2. Commercially viable helium grades above our 0.4% expectation (GGE’s grades were between 0.44 and 0.65%). ✅
3. Commercially viable flow rate 🔄- (Today’s announcement)

In a previous GGE note, we detailed our bullish, base and bearish case expectations for the flow test results.

To read that note, click here.