Grand Gulf Energy Limited
GRGUF
Other OTC0.00
USD
- -
- -
ISIN
AU000000GGE9
Return %
Stock
S&P500
1Y
57.69
26.84
3Y
-81.36
77.03
5Y
-96.27
80.55
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
- 6
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 56 Kings Park Road West Perth WA Australia 6005
- IPO Date
- Dec 23, 2008
- Website
- grandgulfenergy.com
- Similar Companies
- Business
- Grand Gulf Energy Limited (ASX: GGE; OTC: GRGUF), an Australian-listed independent exploration and production company founded in 1996 and headquartered in West Perth, Australia, focuses primarily on helium exploration and production alongside oil and gas activities in North America. The company operates its flagship Red Helium Project in Utah's Four Corners region, which holds a gross unrisked P50 prospective resource of 12.7 billion cubic feet of recoverable helium; it also maintains oil and gas production from legacy assets including the D&L#3 and Hensarling wells in the United States, generating cash flow from crude oil sales. Grand Gulf Energy pursues helium commercialization through its Jesse-1A discovery well, which delivered 1% helium to surface, alongside Jesse-3 drilling and sidetrack operations tied to existing gathering systems; helium processing and offtake arrangements with partners such as Paradox Resources at the nearby Lisbon Helium Plant and Green Natural Gas LLC; and oil/gas exploration in onshore U.S. leases with estimated reserves exceeding 2.7 million barrels of oil equivalent. Recent developments include execution of a binding option agreement in April 2025 to acquire a 70% working interest in Block 2312 offshore Namibia via Wrangel Pty Ltd, targeting a mean prospective resource of 1.1 billion barrels of oil; a non-binding memorandum of understanding in May 2025 with TSX-listed Sage Potash Corp for collaborative helium exploration cost-sharing; a July 2024 Gas Sales and Processing Agreement with Green Natural Gas LLC for Red Helium output; board changes announced in October 2024; and a rights issue in August 2024 offering one new share for every eight existing shares at AUD 0.004. Operations span the United States, with expansion into Namibia's Walvis Basin, targeting energy markets through helium for industrial applications and conventional hydrocarbons for domestic sales.