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Grand Gulf Energy Eyes 1.1 Billion Barrels Offshore Namibia, Partners on Utah Helium-Potash Play
8:35am on Wednesday 30th of July, 2025 AEST
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Energy
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Grand Gulf Energy Eyes 1.1 Billion Barrels Offshore Namibia, Partners on Utah Helium-Potash Play
8:35am on Wednesday 30th of July, 2025 AEST
Key Points
Exclusive option to acquire 70% interest in Namibia Block 2312 with 1.1 billion barrels prospective oil
Consideration payable only upon Petroleum Exploration Licence grant
Strategic non-binding MoU with Sage Potash for joint helium and potash exploration in Utah
Jesse-1A well confirms helium presence; 3D seismic survey planned
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