Grand Gulf Energy (ASX:GGE) updates on Jesse-2 site construction

Grand Gulf Energy (ASX:GGE) has provided an update regarding the forthcoming high impact pure helium well in North America, Jesse-2.

The independent exploration and production company, headquartered in Australia, says well site construction is on schedule to support a mid-March spud, with location site works progressing to over 70% completion.

The company also says it has a binding helium offtake agreement and are located immediately adjacent to pipeline connected to Lisbon Helium plant allowing for near immediate monetisation of a commercial well.

Shares of Grand Gulf Energy closed up 8% today.