Australia's Grand Gulf Energy rises on awarding drilling contract for Utah well

Grand Gulf Energy

09/03/2022 02:03

** Shares of Grand Gulf Energy  GGE.AX  rise as much as
14.3% to A$0.032
    ** Stock to mark best session since Feb. 25 if gains hold
    ** Oil and gas explorer says it awarded a contract to Aztec
Well Servicing to drill a pure helium well in southeast Utah
 urn:newsml:reuters.com:*:nFWN2VB10N
    ** Co says application for permit to drill is expected to be
approved ahead of schedule to support the mid-April spud date
    ** Stock up 16.7% this year, as of last close

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))