Australia's Grand Gulf Energy rises on drilling update at U.S. project

Grand Gulf Energy

12/05/2022 07:09

** Shares of oil and gas exploration co Grand Gulf Energy
 GGE.AX  rise as much as 20% to A$0.036
    ** Stock on track for best day since May 5, if gains hold
    ** Co says https://www.asx.com.au/asxpdf/20220512/pdf/458xz5kq6v9ncr.pdf
 continuous mud gas monitoring has detected several zones with
elevated helium concentrations for Jesse1#A well at its Red
Helium project in Utah, United States
    ** Stock hits highest level since May 6
    ** Nearly 19 mln shares change hands, compared with the
30-day average of about 13 mln shares 
    ** As of last close, Grand Gulf stock up ~25% YTD
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))