Grand Gulf detects >37x helium concentrations in Jesse#1A

Grand Gulf Energy detected helium concentrations up to 37 times above background levels in the Jesse#1A well, below the salt seal and above the primary Leadville formation target. The Company has undertaken mud gas monitoring at the well which lies within the its Red project in Utah. The well is on track with the intermediate section drilled to 8,070 feet, the seven-inch casing is set at an 8,067-feet depth and is currently being cemented; TD is 8,500ft.

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