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Grand Gulf Eyes Production Boost as Oil Prices Surge and Helium Demand Grows

8:28am on Monday 9th of March, 2026 AEDT Energy
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Grand Gulf Eyes Production Boost as Oil Prices Surge and Helium Demand Grows

8:28am on Monday 9th of March, 2026 AEDT
Key Points
  • 3,428 barrels produced at Desiree Oil Field in December quarter
  • AUD 101,000 revenue generated at average WTI price of US$62.22 per barrel
  • Current WTI spot price at US$90.90 offers significant upside
  • Work-over and re-completion options being evaluated to enhance oil output
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