top of page

Grand Gulf ups stake in Red Helium Project to 70%

  • AKAP
  • Jul 19, 2022
  • 1 min read

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 akapenergy.com to keep reading this exclusive post.

Recent Posts

See All
US Energy Q1'25 Results

US Energy reported its Q1'25 highlighting upstream activity underway at the Kevin Dome project in Montana.

 
 
bottom of page