Grand Gulf Release H2'23 Results

Grand Gulf Energy' results for June to December 2023 (H1 of fiscal year ending June ’24) highlights significant advancements across its Jesse helium project, including successful flow-testing of the Jesse-1A well with high concentration helium gas, plans for sidetrack drilling and completion optimisation led by Walsh Engineering and Halliburton. The company also secured funding for development and experienced increased oil production levels. GGE ended with a net loss of A$1.3mm, cash balance of A$1.5mm and total assets of A$24mm.

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