Grand Gulf Energy's Jesse-1A Flow Test Results

Grand Gulf Energy Ltd (ASX:GGE) has reported that the Jesse-1A well has successfully flowed helium gas to the surface at a raw gas rate of 1 million cubic feet per day (mmcfd). The flow-testing revealed significant reservoir quality with measured helium concentrations trending up from 0.78% to 1%, consistent with previous measurements. The well is set to undergo casing, completion, and focused stimulation ahead of production in early 2024.

Managing Director's Perspective on Jesse-1A Flow Test Results

The Managing Director, Dane Lance, expressed the company's excitement about the successful flow of helium gas from the Jesse-1A well. He highlighted the significance of this development in the Red Helium Project and the confidence it instills in the future well designs to enhance gas production and minimize water ingress. Lance also emphasized the transformative period ahead for the company with the Jesse-1A sidetrack operation in early 2024.

Summary of Jesse-1A Flow Test Results and Future Plans

The flow-testing of Jesse-1A has demonstrated promising results, indicating high helium concentrations and reservoir deliverability. The company is optimistic about future well designs and the potential for increased gas production. The planned sidetrack operation in early 2024 is expected to be a transformative period for Grand Gulf Energy, with the incorporation of a case and perforation methodology to optimize production flow rates. Additionally, the well design will allow testing of multiple highly prospective secondary reservoir targets, pointing to further upside in well deliverability and flow rates. With the successful flow test and the ongoing acid solubility testing, the company looks forward to the potential of increased flow rates and the overall development of the Red Helium Project.