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Company News
Grand Gulf and Sage Potash to partner on dual-commodity exploration in Utah’s Paradox Basin
In what to some might seem an unlikely mix, Grand Gulf Energy (ASX: GGE) has signed a memorandum of understanding (MoU) with TSXV-listed Sage Potash to hunt for helium and potash in Utah. The MoU will see the companies collaborate on exploration activities within an area of mutual interest at the Red Helium project. Under […]
Grand Gulf Energy joins oil majors in offshore Namibia push with Walvis Basin deal
Grand Gulf Energy (ASX: GGE) has moved to join the likes of Shell, Chevron and TotalEnergies in exploring the “hot” offshore Namibia play by entering into an agreement to acquire a controlling interest in a large block in the Walvis Basin. The company has entered into a binding option agreement to acquire 100% of Wrangel […]
Grand Gulf Energy prepares to spud Jesse-2 well within Red Helium project
Perth-based explorer Grand Gulf Energy (ASX: GGE) has received regulatory approval to drill a second pure-play well at the Red Helium project in the prolific Four Corners region of Utah’s Paradox Basin. Approval came from the Utah Division of Oil, Gas and Mining (UDOGM) and places Grand Gulf in a position to spud the Jesse-2 […]
Junior energy stocks are back in the spotlight
The Australian Securities Exchange this week sent out a raft of price queries after a large number of hitherto languishing penny energy stocks sprung to life, with some recording three figure percentage gains. Others, slightly further up the food chain and with advanced projects, were also caught by the incoming market tide. The moves may, […]