top of page

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 www.akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

NASCO, one of the largest private helium producers in North America, has released an updated presentation. The company has grown production, under the radar to close to 100mmcf/y, largely from the DBK

bottom of page