Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (August 2023)
18 slides from Grand Gulf Energy's investor presentation, Aug 7, 2023
Slide 1: Red Helium Project Update
ASX:GGE OTCQB:GRGUF Red Helium Project Update AUGUST 2023 GRANDGULFENERGY.COM
Slide 2: Disclaimer
IMPORTANT INFORMATION Disclaimer COMPETENT PERSON’S STATEMENT The information in this report is based on information compiled or reviewed by Mr Keith Martens, Technical Director. Mr Martens is a qualified oil and gas This presentation does not constitute investment advice. Neither this presentation
Slide 3: Red Helium Project
PROJECT OVERVIEW Red Helium Project Pure-play Helium, Potential for Near Immediate Production Helium Prolific Location Giant Adjacent Helium Field 12.7 Bcf Helium Resource1 • Four Corners area • Doe Canyon – 15 miles east • US$6B resource in the ground (@$500/mcf) • Drill friendly Utah • 3 – 5 Bcf h
Slide 4: US-Focused Pure-play He Explorer
CORPORATE SNAPSHOT US-Focused Pure-play He Explorer Red Helium Project Financial Information - Operated by Incorporated Joint Venture ASX Trading Symbol (OTCQB) GGE (GRGUF) Company Valence Resources LLC (Valence) - Current Working Interest 77.5% Total Shares 1,675 million - Right to earn 85% by US$1
Slide 5: He Demand - Irreplaceable Technological Enabler
PROJECT OVERVIEW He Demand - Irreplaceable Technological Enabler Major growth predicted in all areas, particularly: Space, Defense, Medical, Semiconductor & Fibre-Optic Inert Doesn’t react with other elements & non-flammable unlike hydrogen Non-toxic Can be used in many applications without posing h
Slide 6: Helium - Strong Market Fundamentals
PROJECT OVERVIEW Helium - Strong Market Fundamentals Global Helium Supply Shortage US$8B Market by 2030 (>6% CAGR) 4 US Market Most US majors are in Force Majeure, unable to meet supply contracts and rationing helium US premium spot market prices >US$2,000/mcf - Gaseous helium at $450-600/mcf Helium
Slide 7: “Saudi Arabia of Helium”
PROJECT OVERVIEW “Saudi Arabia of Helium” Four Corners Area: Established Helium Production Four Corners Recent Production Development Friendly Regulator from Fields - Dominant lease position >29,000 acres with New Development7 - Private Fee / State land (Wells Drilled in Last 5 years) Giant Adjacent
Slide 8: Red Helium Project Field Overview
PROJECT OVERVIEW Red Helium Project Field Overview Jesse Discovery (Jesse-1A) Jesse-1A drilled and tested mid-2022, flowing 1% helium to surface. Suspended, awaiting re- completion to isolate lower water zone. Jesse-2 drilled April 2023, flowed 0.9% helium to surface. Suspended, with ongoing study w
Slide 9: Jesse Helium Discovery
PROJECT OVERVIEW Jesse Helium Discovery Pure-play Helium 1% Proven Helium Concentration Offtake agreement / existing pipelines • Commercial grade • Binding offtake agreement with Lisbon helium plant • Evidence for upside helium charge model • 20 miles to the north connected by pipeline • Jesse-1A /
Slide 10: Jesse Development
PROJECT OVERVIEW Jesse Development Proven Helium, Multiple High-Graded Opportunities Helium confirmed Gas / helium? Red Helium 12.7 bcf Prospective Helium Resource - Leadville P50 – 10.9 bcf (Primary Target)1 - McCracken P50 – 1.8 bcf (Secondary Target)1 Jesse-1A Re-completion Q3/Q4 2023 Leadville p
Slide 11: Doe Canyon Helium Field
PROJECT OVERVIEW Doe Canyon Helium Field Prolific Producing Analogue 15 miles to the East Field Performance - Est. Field EUR: ~3 – 5 Bcf helium Jesse-1A DC-10 - Avg. Well Raw Gas IP: ~20 mmcfd Raw Gas Recovery by Well Gross: 260 ft Net Pay: 161 ft Gross: 200 ft Net Pay: 101 ft EUR: 125 Bcf 1% Helium
Slide 12: McCracken Sandstone - 1.8 Bcf Helium
PROJECT OVERVIEW McCracken Sandstone - 1.8 Bcf Helium1 Deeper Potential, Highly Prospective, Under-explored Lisbon B610 Gross: 95ft Net Pay: 4-20 ft Redd-1 Gulf Unit-2 Porosity: 9% Gross: 90ft Gross: 60ft Bonus Independent (Non-binary) Secondary Target EUR: 0.5mmbbl, 3Bcf Net Pay: 24-35 ft Net Pay:
Slide 13: Jesse-3 Planned for Q4 2023 Spud
PROJECT OVERVIEW Jesse-3 Planned for Q4 2023 Spud Structural High / Reservoir Definition through Well Control Targets Structural High on Seismic Potentially up to 70 ft high to Jesse-1A Maximise stand-off to gas / water contact and net reservoir in the gas column Optimally located to test the McCrac
Slide 14: Helium Offtake Agreement Secured / Pipeline to Lisbon Helium Plant
PROJECT OVERVIEW Helium Offtake Agreement Secured / Pipeline to Lisbon Helium Plant Gas Sales & Processing Agreement (GSPA) executed with Paradox Resources LLC8 Helium export US$4m Capex minimal wellhead facilities 6 months from a commercial well to production 10mmscfd @1% helium = 100 mscfd helium
Slide 15: US$6B Resource in the Ground
INVESTMENT HIGHLIGHTS US$6B Resource in the Ground Minimal Time / Capex to Monetise Multiple Near-Term Catalysts Running Room - Jesse-3 Q4 2023 - Multiple Independent Prospects - Jesse-1A Re-completion Q3/Q4 2023 - Drill-ready Earp - McCracken Secondary Target - Deeper Potential – Devonian / Cambria
Slide 16: Strong Board & Management
BOARD & MANAGEMENT Strong Board & Management Craig Burton Dane Lance Keith Martens Lloyd Flint Chairman Managing Director Technical Director CFO / Company Secretary Experienced active investor in emerging oil and >18 years’ experience across E&P Lifecycle, >40 years’ experience as an oil finder: +25
Slide 17: Prospective Resource
PROJECT OVERVIEW Prospective Resource US-Focused Pure-play Helium Explorer Recoverable Helium (Bcf)10 P90(1U) P50(2U) P10(3U) Gross to Valence (28,046 gross acres) 8.1 12.7 17.6 Net to Valence (18,959 net acres) 5.6 8.7 11.7 Net to GGE (earning 85% of Valence) 4.7 7.4 9.9 Red Project Total 9.3 25.7
Slide 18: Contact Us
CONTACT US Email info@grandgulfenergy.com Phone +61 8 9226 2209 Address Suite 1G, 56 Kings Park Road, West Perth, WA 6005 Fax +61 8 9226 2210
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