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GGE Secures A$3.2mm Placement for Jesse Project Advancement

Grand Gulf Energy raised A$3.2mm through a placement, attracting both new and existing investors. The funds will bolster the company's cash reserves as it continues to advance the Jesse discovery and explore opportunities at the Red Helium project. Plans include a new well (Jesse-3) targeting a seismic high, completion and testing for Jesse-1A, evaluation of stimulation options for Jesse-2, and a possible 3D seismic program. The placement involves 400mm new shares at $0.008/sh, with options attached. GGE shares are down almost 50% year to date.

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Noble Helium's CFO Announces Retirement

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