Grand Gulf Energy (ASX:GGE) unearths three deeper reservoir targets at Red Helium Project
Grand Gulf Energy uncovered three new deeper reservoir targets at its Red Helium Project, augmenting its potential helium concentration.
The targets, identified through analog helium field analysis, supplement the previously recognized Leadville and McCracken sandstone targets.
The company plans to assess these reservoirs using nearby historical wells that have confirmed gas presence.
The development aims to boost the project's helium resource estimate, complementing the existing targeted P50 prospective resource of 12.7bcf in the primary zones.
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