Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Corporate Update (August 2022)
17 slides from Grand Gulf Energy's corporate update, Aug 9, 2022
Slide 1: Red Helium Project Update
Red Helium Project Update August 2022
Slide 2: Corporate Disclaimer
Corporate Disclaimer This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in Grand Gulf (the “Company”) - in any jurisdicti
Slide 3: Red Helium Project
Red Helium Project Pure-play Helium Exploration, with Potential for Near Immediate Monetisation of Commercial Success Location Producing Analog Jesse Discovery • Helium-Prolific Four Corners area • Doe Canyon Analog, 15 miles to East • Jesse#1A confirmed • Drill Friendly Utah • 3 - 5 bcf anticipated
Slide 4: Corporate Snapshot
Corporate Snapshot US-Focused Helium Explorer Financial Information Red Helium: Earning 85% of Valence1 Earning WI Max Earn-in Cost $US ASX Trading Symbol GGE Current Interest 70% Drilling second well 7.5% 77.5% $1.5M Total Shares 1,546 million Drilling third well 7.5% 85% $1.5M Market Cap @ 2.6 c A
Slide 5: Helium: Critical Path Irreplaceable Technological Enabler
Helium: Critical Path Irreplaceable Technological Enabler Major growth predicted in most usage areas, particularly: Space, Medical, Semiconductor and Fibre Optics Helium Usage by Forecast helium consumption by industry Inert Industry 2021 - 2030E (bcf/y) Doesn’t react with other elements and 9 non-f
Slide 6: Helium Supply and Demand Factors
Helium Supply and Demand Factors Key Observations Helium Production by Supply Source US annual helium Supply 2011-20 • Historic Supply predominantly oil 8 5.0 7 and gas / LNG by-product, and 6 4.0 BLM reserve. 5 3.0 bcf/yr bcf/y 4 • Recently increasing helium 3 2.0 supply from primary projects. 2 1.
Slide 7: Helium Supply Demand Balance
Helium Supply Demand Balance Helium Supply Shortage: extending into 2023 Estimated supply demand balance for helium • Devastating fire at Amur facility impacts 20- 8 30% of potential global helium capacity into 2023, exacerbated by increasing geopolitical 7 tensions. • The Russian shaded area includ
Slide 8: Four Corners Area: New Helium Production
Four Corners Area: New Helium Production Prolific Proven Producing Helium Region • Up to 50% of new North American production is from the Doe Canyon Field.1 • 15 miles to the East • 3 - 5 bcf anticipated helium production • High rate gas wells: Avg. IP ~20mmcfd • Average helium grade ~0.4% • = high
Slide 9: Red Helium Project – High Quality Dataset
Red Helium Project – High Quality Dataset High Quality 2D Seismic Coverage and Well Control • Dominant lease position focused on prime prospective locations, driven by high seismic • >29,000 acres (private leases/Utah state leases) leased in drill-friendly Utah • Lease holdings 315 km’s of high qual
Slide 10: Multiple Independent Prospects
Multiple Independent Prospects De-risks greater Red Helium Project1 Vintage wells within AMI exclusively targeting hydrocarbons proved:1 UT CO • Trap / Seal, Reservoir, Charge • Helium system within AMI Doe Canyon Helium Field Independent prospects Jesse Prospect Current helium prod: 365 mcfd2 • Thr
Slide 11: Helium Offtake Agreement Secured
Helium Offtake Agreement Secured Gas Sales & Processing Agreement (GSPA) executed with Paradox Resources LLC1 • 2 of the 8 helium purification plants in the U.S. are within 20 miles A Offtake: Jesse#1A to Lisbon in success case • Validates technical merit of Greater Red Helium project. • Industry st
Slide 12: Investment Highlights
Investment Highlights Low Cost / Risk Pathway to Production A B Jesse#1A Results1,2 A • Logs indicate large gross gas column • Up to 0.65% helium • High 2300psi bottomhole pressure Gas – non-flammable / no He analysis Gas – helium confirmed Gas – helium field Forward Plan / Catalysts • Jesse#1A flow
Slide 13: Strong Management & Board
Strong Management & Board Leadership Dane Lance Keith Martens Lloyd Flint Craig Burton Managing Director Technical Director CFO / Company Secretary Chairman • >18 years’ experience across E&P Lifecycle, • >40 years’ experience as an oil finder • >25 years’ experience in the corporate and • Experienc
Slide 14: Q&A: Jesse#1 drill site preparation, San Juan County
Q&A Jesse#1 drill site preparation, San Juan County, SE Utah Aztec 980 Drill Rig on Jesse#1A well site Work-over rig on the Jesse#1A well A Aztec 980 Drill Rig on Jesse#1A well site in SE Utah with Abajo Mountains Jesse#1A drill site location with local pipelines Grand Gulf Energy Limited | Red Heli
Slide 15: Strategic Alliance with Helium Offtake Partner
Strategic Alliance with Helium Offtake Partner Exploit Significant Synergies Between Red Helium project and Paradox Resources Assets Pursue several advanced opportunities to optimize and prioritize near-term exposure to the burgeoning helium market with potential mutually commercially advantageous r
Slide 16: Contact Us
Contact Us Email info@grandgulfenergy.com Phone +61 8 9226 2209 Address Grand Gulf Energy Limited Suite 1G, 56 Kings Park Road West Perth, WA 6005 Fax +61 8 9226 2210
Slide 17: Glossary
Glossary Abbreviation Description He helium US BLM US Bureau of Land Management – National Strategic Helium Reserve UDGOM Utah Division of Gas Oil and Mining SITLA Utah School and Institutional Trust Lands Administration U Prospective Resources – 1U/2U/3U – P90/P50/P10 - low/most likely/high cf Cubi