GGE Receives Approvals for Jesse-3 Well

Grand Gulf Energy (GGE) secured all necessary governmental approvals for its Jesse-3 well, which is part of the Red Helium Project in Utah and is advancing with well engineering and design. The Jesse-3 well will target the Mississippian Leadville dolomite and Devonian McCracken sandstone, with additional secondary targets identified. The well is near historical wells with proven gas, improving the chance of success. The company is also updating its well design for the Earp-1 well location to test deeper strata. Additionally, GGE is in discussions for a potential farm-out of the Red Helium Project to secure drilling funding, though there is no certainty of a final agreement.

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