In Q1'24, Grand Gulf Energy (GGE) reported significant progress at the Red Helium Project, identifying three deeper reservoir targets which adds substantial helium prospectivity. On the corporate front, GGE announced board changes; Fergus Kiley was appointed as Non-Executive Director while Keith Martens transitioned from Technical Director to Chairman, replacing Craig Burton who resigned. Additionally, the Jesse-1A Leadville formation is set for acid stimulation aimed at boosting gas production rates. Walsh Engineering completed the Jesse-1A side-track drilling plan and engineering design, with permitting and long lead items in place to support execution in 2024.
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See AllJesse-1A unexpectedly flowed gas to surface during initial re-entry operations, indicating an enhanced ability of the reservoir to flow...
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