Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (November 2022)
17 slides from Grand Gulf Energy's investor presentation, Nov 29, 2022
Slide 1: Red Helium Project Update
Red Helium Project Update November 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, Potential for Near Immediate Production Location Producing Analogue Jesse Discovery • Helium-prolific Four Corners area • Doe Canyon (DC) • 1% helium concentration3 • Drill Friendly Utah • 15 miles east • >200ft Gross Gas Column, 101ft Net Pay • Dominant Lease Po
Slide 4: Corporate Snapshot
Corporate Snapshot US-Focused Pure-play Helium Explorer Red Helium Project: Max Earn-in Financial Information Earning 85% of Valence Earning WI Cost $US Current Interest 70% ASX Trading Symbol (OTCQB) GGE (GRGUF) Drilling second well 7.5% 77.5% $1.5M Total Shares 1,546 million Drilling third well 7.
Slide 5: Jesse-2: Location
Jesse-2: Location Potential Company-making Pure-play Helium Well Jesse Discovery • >200 ft gross gas column exceeding pre-drill expectation increases areal extent to over 70,000 acres Jesse-2: Second Red Helium Project Well1 • Best location on Jesse structure, located 1.5 miles south-east of Jesse-1
Slide 6: Jesse-2: Low Cost / Low Risk Pathway to Production
Jesse-2: Low Cost / Low Risk Pathway to Production Planned for late Q4 2022 / early Q1 2023 spud Attribute1 Status Comments • Far exceeded pre-drilling estimates 1% proven helium conc. • • Commercial grade Evidence for upside helium charge model Strongly pressured • 2,465psi bottom hole pressure a
Slide 7: 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 Offtake: Jesse to Lisbon • Validates technical merit of Greater Red Helium project • Industry standard commercial terms
Slide 8: Helium Demand: Irreplaceable Technological Enabler
Helium Demand: Irreplaceable Technological Enabler Major growth predicted in all areas, particularly: Space, Medical, Semiconductor and Fibre-Optic Inert Doesn’t react with other elements and non-flammable unlike hydrogen Non-toxic Helium Usage by Industry Forecast helium consumption by industry 202
Slide 9: Helium Supply Demand Balance
Helium Supply Demand Balance Helium Supply Shortage: extending through 2023 Estimated supply demand balance for helium2 8 Supply: Helium Shortage v4.01 • Devastating fire at Amur facility impacts 20-30% of 7 potential global helium capacity through at least 2023, 6 exacerbated by increased geopoliti
Slide 10: Four Corners Area: New Helium Production
Four Corners Area: New Helium Production Prolific Proven Producing Helium Region Recent Production from North American Fields Doe Canyon Analogue with New Development1 • Up to 50% of new North American production is from (Wells Drilled in Last 5 years) the Doe Canyon Field1 • Located 15 miles to the
Slide 11: Red Helium Project – High Quality Dataset
Red Helium Project – High Quality Dataset High Quality 2D Seismic Coverage and Well Control Red Helium Project & Dataset • Dominant lease position focused on prime prospective locations, driven by high quality seismic • >29,000 acres (private leases/Utah state leases) leased in drill-friendly Utah •
Slide 12: 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 13: Investment Highlights: Low Cost / Low Risk Pathway to Production
Investment Highlights: Low Cost / Low Risk Pathway to Production Jesse-2 Planned for Late Q4 2022 spud • Multiple near-term catalysts / huge upside • De-risked geology, high flow rates, commercial helium grade • GGE positioned to capitalise quickly / cost effectively • Existing infrastructure: minim
Slide 14: Investment Highlights: Low Cost / Low Risk Pathway to Production
Investment Highlights: Low Cost / Low Risk Pathway to Production Jesse-2 Planned for Late Q4 2022 spud • Multiple near-term catalysts / huge upside • De-risked geology, high flow rates, commercial helium grade • GGE positioned to capitalise quickly / cost effectively • Existing infrastructure: minim
Slide 15: 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 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
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