Grand Gulf Energy has today (29th June) reported multiple well-head samples consistently in the range of 0.44% – 0.65% helium from its Jesse1#A well.
These Jesse1#A samples came from the Australian firm’s Red Helium Project, located in Utah.
Carbon dioxide concentrations in the range of 59%-65% were significantly lower than pre-drill expectations of 85%, which is a material positive to the project economics, with the bulk of the remaining gas being nitrogen.
Grand Gulf Energy has said the work-over rig has now been de-mobilised to allow the technical team to develop the appropriate well design to enable gas production.
... to continue reading you must be subscribed
