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Grand Gulf Expands Helium Sales Deal to Include its Jesse-2 well

Grand Gulf Energy has expanded their existing Gas Sales & Processing Agreement (GSPA) with Paradox Resources LLC to include the newly approved Jesse-2 well. The agreement provides a path to monetization of the well with an 80/20 revenue split in favour of Grand Gulf. The Lisbon Valley Gas Plant owned by Paradox has capacity for 0.6 mmcf/d of high purity 99.9995% helium. The plant is also in the process of permitting for carbon capture tax credits under Section 45Q of the US tax code. Grand Gulf and Paradox are in ongoing discussions to identify further strategic business opportunities framed by a Strategic Alliance.

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