Grand Gulf Energy Ltd. provided an update regarding the forthcoming potentially company-making pure helium well Jesse-2. Well site construction is on schedule to support a mid-March spud with location site works
expected to be completed this weekend. Once complete the conductor rig is scheduled mobilise early next week to install the cellar and 80 feet of surface conductor in preparation for the drill rig mobilisation. All long lead items have been purchased and the contracted drill rig availability supports the mid-March spud date1. Jesse-2 has a binding helium offtake agreement and is located immediately adjacent to pipeline connected to the Lisbon Helium plant allowing for near immediate monetisation of a commercial well2.