- Grand Gulf Energy (GGE) successfully re-enters its Jesse 1A well within its Red helium project in Utah, US
- The company recently announced logging results which indicated a 203-feet gross gas column within the Leadville Formation with dolomitisation and helium shows
- GGE mobilised a workover rig to the well site earlier this week and is now stimulating the formation to maximise flow rates
- After this work, the rig will run 4.5-inch production tubing and perform flow testing
- Grand Gulf Energy shares are down 3.7 per cent to trade at 2.6 cents at 1:35 pm AEST
Grand Gulf Energy (GGE) has successfully re-entered its Jesse 1A well within its Red helium project in Utah, US.
Following “high encouraging” drilling results from the well, the company began mobilising a workover rig to the well site earlier this week.
Grand Gulf Energy last month announced initial log interpretation from the Leadville Formation indicated a 203-feet gross gas column with dolomitisation and helium shows throughout the reservoir.
According to the company, the log character appeared to be similar to the “high-rate” helium-producing wells at the Doe Canyon field, which lies about 24 kilometres to the east.
As such, Grand Gulf has since re-entered the well, and the Leadville Formation is being stimulated through acidisation to maximise flow rates.
The workover rig will then run 4.5-inch production tubing as planned and perform several days of flow testing.
The company said the flow rates and lab analysis of sampled helium concentration would determine where it had made a successful commercial discovery.
GGE shares were down 3.7 per cent to trade at 2.6 cents at 1:35 pm AEST.