Australia's Grand Gulf Energy climbs on securing helium offtake agreement

Grand Gulf Energy

09/01/2023 02:25

** Shares of Australia's Grand Gulf Energy Ltd  GGE.AX  rise
as much as 20% to A$0.030, hitting highest since Sept 16, 2022 
    ** The exploration and production co says it has secured
Helium offtake agreement with Paradox Resources LLC 
    ** Adds agreement includes gas sales and processing from
Jesse-2 well located in Utah, United States
    ** About 20 mln shares change hands, compared with the
30-day moving average 3.1 mln shares      
    ** Stock lost 20.8% in 2022
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))