Grand Gulf Energy (ASX: $GGE) Acid Stimulation Announcement

Grand Gulf Energy Ltd (ASX: $GGE) has announced that the Jesse-1A Leadville formation has been identified as an ideal candidate for acid stimulation, potentially providing significant gas production-rate upside. Halliburton's acid solubility testing results have shown promising outcomes, with predominantly 73 - 80% of Jesse-1A Leadville rock samples dissolved after one hour. The Jesse-1A sidetrack operation is on schedule for Q2 2024, offering further opportunities for enhanced gas production rates.

Executive Commentary on Acid Stimulation Potential

Managing Director Dane Lance expressed optimism about the acid solubility testing results and the potential for significant gas production rate upside for the forthcoming Jesse-1A side-track operation. The exceptional acid solubility testing outcomes, combined with the highly encouraging Jesse-1A flow-test results, indicate promising prospects for the company's operations.

Summary of Grand Gulf Energy's Acid Stimulation Announcement

Grand Gulf Energy's announcement regarding the acid stimulation potential for the Jesse-1A formation signifies a significant development in the company's exploration and production activities. The positive results from Halliburton's acid solubility testing and the upcoming Jesse-1A sidetrack operation in Q2 2024 present opportunities for enhanced gas production rates. The company's focus on leveraging acid stimulation as a standard regional operator best practice in the Leadville formation demonstrates its commitment to maximizing production flow rates and unlocking the potential of its reservoirs. With the potential for multiples of initial pre-stimulation production flow rates, Grand Gulf Energy aims to capitalize on the promising outcomes to drive its corporate strategy and further its exploration and production objectives.