Grand Gulf ups stake in Red Helium Project to 70%

Grand Gulf now has more skin in the game at the Red Helium project by increasing its working interest from 55% to 70% after meeting earn-in requirements for the first well. It follows the company contributing the first US$1.5mm for the cost of drilling the successful Jesse#1A well in Utah, which had intersected a 203 ft gas column with gas concentrations ranging from 0.44% to 0.65%.

Want to read more?

Subscribe to to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Argonon has put out a tender for the purchase of 1 mmcf of liquid helium, (1 x 11,000 gallon load), sourced from Renergen’s Virginia Gas Plant in the Free State Province in South Africa. The tender pe

Orsu Metals Corporation entered into a non-binding letter of intent (LOI) with Invenir and Skyfire that will result in a reverse takeover and change of business of Orsu to be a global helium explorer