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Grand Gulf Energy Limited (ASX:GGE)

ALERT: Price-sensitive ASX Announcement for GGE
Current share price for GGE : $0.002 -0.001 (-33.33%)+
Announcement
Release
30 Apr 2026 8:04AM
Price at Release
$0.003
Full Release
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Summary
Grand Gulf Energy Limited's Quarterly Activities Report for March 2026 highlights continued oil production from the Desiree Field in Louisiana, USA, with 3,344 barrels gross and 1,084 barrels net to the company. The report details strategic developments, including securing the Dry Wash Antimony Project in Utah, USA, and conducting technical assessments for the Red Helium Project in response to helium price increases. Financially, the company reports a net cash used in operating activities of $349,000 and a cash balance of $909,000 at quarter-end. Financing activities resulted in a cash inflow of $470,000.
Key Points
  • Continued oil production from Desiree Field, Louisiana.
  • 3,344 barrels gross and 1,084 barrels net to GGE.
  • Secured the Dry Wash Antimony Project, Utah.
  • Technical assessment of Red Helium Project ongoing.
  • Net cash used in operating activities: $349,000.
  • Cash balance at quarter-end: $909,000.
  • Financing activities net cash inflow: $470,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.