Grand Gulf Energy Advances Helium and Oil Ventures

Grand Gulf Energy Limited (AU:GGE) has released an update.

Grand Gulf Energy Limited has secured a Gas Sales & Processing Agreement with Green Natural Gas LLC, allowing for near-term cashflow through the monetization of successful wells, and has increased its working interest in the Red Helium Project to 83% with an option to further increase by 7.5%. The company also reported sustained oil production levels at the Hensarling #1 well, matching pre-workover levels from the previous year.

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