---
title: "Grand Gulf Energy Taps High Helium Prices for Project Strategy Update"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281963528.md"
description: "Grand Gulf Energy is reviewing its Red Helium Project in Utah due to rising global helium prices from supply disruptions in Qatar. The review will optimize land position and assess drilling feasibility. The helium market is tight, with a 14% reduction in Qatar's exports. The company also updated its Dry Wash Antimony Project and Desiree Oil Field, reporting production and potential revenue upside. Grand Gulf raised $500,000 through a share placement to support project evaluations and working capital."
datetime: "2026-04-08T02:55:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281963528.md)
  - [en](https://longbridge.com/en/news/281963528.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281963528.md)
---

# Grand Gulf Energy Taps High Helium Prices for Project Strategy Update

Grand Gulf Energy is undertaking a technical review of its Red Helium Project in Utah, prompted by a significant increase in global helium prices due to supply disruptions in Qatar.

Reduced exports, caused by a combination of the **Strait of Hormuz** closure and damage to the **Ras Laffan LNG plant**, have tightened the global market.

The proposed review will aim to optimise the existing land position, assess reprocessed seismic data, and evaluate the feasibility of drilling a third helium well.

The **Red Helium Project** made its maiden discovery with the **Jesse-1A** well in **June 2022**.

This well encountered a gas column greater than **200 feet**, with **101 feet** of independently audited net pay and a **1%** helium content.

**Helium Market Dynamics and Demand**

The tight helium market is largely attributed to a **14%** reduction in **Qatar's** helium exports.

Repairing the damaged **Ras Laffan LNG plant** could take up to **five years**, indicating a sustained period of reduced supply.

Demand for helium remains robust across various high-tech sectors.

It is critical for expanding electronics and semiconductor manufacturing, medical applications like **MRI** machines, as well as aerospace, fibre-optic, and defence industries, where substitutes are often limited.

Flow testing at the **Jesse-1A** well previously indicated a rate of approximately **1 million cubic feet of gas per day**, with well pressure measured at **2,465 psi**, on trend with virgin pressure nearby.

**Dry Wash Antimony Project Update**

**Grand Gulf Energy** recently completed initial reconnaissance rock-chip work at its **Dry Wash Antimony Project** in **Utah**.

This work uncovered visible stibnite in multiple samples from the **Eocene Flagstaff Formation**, suggesting shallow mineralisation.

The company plans further work including desktop compilation, detailed mapping, and systematic surface sampling.

This will be followed by targeted geophysical surveys, anticipated in **2026**, to guide potential first-pass drilling, subject to permitting.

The **8,122-acre (3,287 ha) Dry Wash Project** is strategically located adjacent to and on-trend with American Tungsten & Antimony 's **Antimony Canyon** system.

**AT4** has reported high-grade antimony results and inferred a north-northwest extension towards **Dry Wash**.

**Desiree Oil Field and Capital Raising**

**Grand Gulf** also provided a production update for its **Desiree Oil Field** in **Louisiana**, where it holds a **39.65%** working interest.

The **December 2025** quarter saw **3,428** gross barrels of oil produced from the **Hensarling #1** well.

Oil sales from the field are exposed to **WTI** spot pricing. Current **WTI** spot prices are significantly higher than the average price of **US$62.22 per barrel** realised in the **December 2025** quarter, potentially offering strong revenue upside.

The company is reviewing work-over and re-completion options to enhance oil output.

To support its project evaluations and provide working capital, **Grand Gulf** recently secured **$500,000** through a placement of **250 million** fully paid ordinary shares at **$0.002 per share**.

### Related Stocks

- [GURE.US](https://longbridge.com/en/quote/GURE.US.md)

## Related News & Research

- [ZAWYA: WCM-Q launches expanded LifeHub project in Msheireb Downtown](https://longbridge.com/en/news/286888323.md)
- [ZAWYA: QIB named Best Retail Bank in Qatar by The Asian Banker](https://longbridge.com/en/news/287047847.md)
- [Great Pacific Gold Provides Wild Dog Project Exploration Update | GPGCF Stock News](https://longbridge.com/en/news/287060413.md)
- [Tincorp Advances Phase 1 - 10,000 Metre Drill Program at the Santa Barbara Gold-Copper Project, Ecuador | TINFF Stock News](https://longbridge.com/en/news/286913569.md)
- [ZAWYA: Qatar Tourism launches service excellence training for MoI immigration officers in collaboration with HIA](https://longbridge.com/en/news/286757769.md)