Grand Gulf Energy Limited
GGE.AX
Australian Securities Exchange0.00
AUD
+0.00
- -
ISIN
AU000000GGE9
CUSIP
Q4267G213
Return %
Stock
S&P500
1Y
-50.00
26.53
3Y
-86.36
76.60
5Y
-86.36
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Keith Neil Martens
- Full Time Employees
- 1
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 56 Kings Park Road West Perth WA Australia 6005
- IPO Date
- Dec 30, 1998
- Website
- grandgulfenergy.com
- Similar Companies
- Business
- Grand Gulf Energy Limited (ASX:GGE) is an Australia-based independent exploration and production company focused on helium exploration and development in North America. The company engages in the exploration, evaluation, and development of oil and gas leases, with its flagship Red Helium Project located in the Paradox Basin, Utah, within the prolific Four Corners helium-producing region of the United States; the project holds a gross unrisked P50 prospective resource of 12.7 billion cubic feet of recoverable helium, as independently estimated, and features the Jesse-1A discovery well that returned 1% helium to surface, surpassing pre-drill expectations, alongside planned Jesse-3 drilling and Jesse-1A sidetrack for potential near-term production via existing gathering systems and helium offtake agreements. Founded in 1996 and headquartered in West Perth, Australia, Grand Gulf Energy derives its operations principally from the United States, targeting commercial helium production in a single operating segment of oil, gas, and helium exploration. In recent developments, the company entered a binding Option Agreement in April 2025 to acquire 100% of Wrangel Pty Ltd, providing an exclusive low-cost entry into a prospective offshore oil and gas block in Namibia's frontier basin amid major discoveries by global operators such as Shell, Chevron, TotalEnergies, and GALP, with multiple wells scheduled for 2025. Additionally, in August 2024, Grand Gulf Energy completed a placement and rights issue to raise approximately A$2 million for ongoing exploration activities. On October 15, 2025, the company announced the cessation of 100 million performance shares following the expiry of related options, reflecting adjustments in its capital structure.