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Grand Gulf Energy (ASX:GGE) records helium in Jesse 1A well

GGE has recorded helium concentrations up to 0.65% in the Jesse 1A discovery well at its Red helium project in Utah. The results were consistent with modelling and reservoir pressures at the nearby Doe Canyon field, with a bottom-hole pressure of 2,280 PSI. This data will be used to enhance the company’s understanding of the reservoir and optimise production from Jesse 1A and future project wells. GGE plans to flow test this well in September and drill an exploration well this quarter or next.

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