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Grand Gulf's Jesse-1A Potentially Holds 17.5 mmcf/y of Helium

Blade Energy Partners, an independent engineering contractor, recently completed an independent review of Grand Gulf Energy's assets focused on the drilling data and petrophysical logs of the Jesse-1A and Jesse-2 wells. According to Blade's analysis, the upper reservoir in the Jesse-1A wellbore has the potential to produce over 5 mmcf/d of raw gas. In Oct'22, Grand Gulf had revealed helium concentrations of ~0.96% at Jesse-1A, which amounts to ~17.5 mmcf/y of helium. The company plans to undertake cost-effective workovers to isolate and stimulate the reservoir, potentially generating significant value. Furthermore, Grand Gulf is considering remediation and stimulation options for the Jesse-2 well, which appears to be non-commercial.

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