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GRAND GULF ENERGY LIMITED (GGE)

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ASX, Legal & CGT Status

Former (or subsequent) names

Shareholder links

Our website ranking of GGE: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000GGE9
Address: SUITE 1 G 56 KINGS PARK ROAD WEST PERTH WA 6005
Tel:  +61 8 9226 2209Fax: +61 8 9226 2210

Date first listed: 20/03/1998

Sector: Energy Industry Group: XEJ
Activities: Exploration for oil & gas

News & Events

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The suspension of trading in the securities of Grand Gulf Energy Ltd will be lifted immediately following the release by GGE of an announcement regarding a capital raising.

25/08/2023

The company releases a notification of proposed issue of securities.

25/08/2023

$3.2 million placement ensures Grand Gulf is well-capitalized to progress development of the Jesse helium discovery. Strong support by new and existing professional and sophisticated investors. Permitting and preparation activities on track to support Q4 2023 Jesse3 spud.

25/08/2023

The securities of Grand Gulf Energy Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of GGE, pending the release of an announcement regarding capital raising.

24/08/2023

The suspension of trading in the securities of Grand Gulf Energy Limited will be lifted immediately following the release by GGE of an announcement regarding test results at Jesse 1A.

21/09/2022

Independent Auditor confirms Jesse helium discovery and maturation from Prospective to Contingent Resource category. Helium grade of 0.8% - (40% higher than forecast. Jesse#1A flow test confirms productive and strongly pressured reservoir at 2,465 psi, on trend with the adjacent Doe Canyon analogue helium field. Both reservoir-gas and water were produced throughout the flow tests, with inability to isolate water ingress from the lower zone of the wellbore leading to suspension of operations. Well engineering for future Red Helium project wells incorporates learnings from Jesse#1A to optimise gas production and minimise risk of water ingress. Second helium well planned for Q4 2022 with permits for three Jesse development wells now in progress.

21/09/2022

The securities of Grand Gulf Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GGE, pending the release of an announcement regarding test results at Jesse 1A.

21/09/2022

The suspension of trading in the securities of Grand Gulf Energy Limited will be lifted from the commencement of trading on Thursday, 2 September 2021, following the release by GGE of an announcement regarding an acquisition and a capital raising.

02/09/2021

The company releases a notice of Proposed issue of securities.

02/09/2021

The company releases its September 2021 Helium Investor Presentation.

02/09/2021

Binding agreement to acquire 100% of Kessel Resources Pty Ltd, a Utahfocused helium company. Potential for significant 45Q Tax Credit revenue through sequestering of produced CO2. Experienced Kessel oil and gas geologist Keith Martens to join the Board of Grand Gulf assisted by highly experienced partners and US-based operators, Four Corners Helium. GGE to undertake a capital raising of A$3.3 million to fund the acquisition and provide working capital to drill and cover transaction costs. The respective boards and major shareholders of GGE and Kessel have approved the transaction with the deal expected to close in September 2021.

02/09/2021

The securities of Grand Gulf Energy Limited will be suspended from quotation from the commencement of trading Wednesday, 1 September 2021 under Listing under Listing Rule 17.2, at the request of GGE, pending the release of an announcement regarding an acquisition and a capital raising.

01/09/2021

we understand that on or about this date the company consolidated its shares 1 for 2

10/12/2019

The suspension of trading in the securities of Grand Gulf Energy Limited will be lifted from the commencement of trading today, following the release by GGE of an announcement.

15/05/2019

The company has completed the share subscription in Whitebark Energy Limited of a total of 390,000,000 fully paid ordinary shares in WBE at 0.5 cents each, for a total subscription cost of $1.95m. Up to 390,000,000 WBE shares issued to GGE will be distributed in-specie to GGE eligible shareholders on the on the basis of one (1) WBE share for every two (2) GGE shares held by eligible shareholders on the record date, as approved by GGE shareholders on 10 May 2019. There has been a change to the previously announced timetable for the inspecie distribution, being a deferral of completion of the WBE subscription (previously 10 May 2019, now 14 May 2019) and deferral of completion of the in specie distribution of WBE shares to eligible GGE shareholders and dispatch of holding statements to GGE eligible shareholders for their WBE shares (previously 22 May 2019, now 28 May 2019).

15/05/2019

The securities of Grand Gulf Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GGE, pending the release of an announcement.

14/05/2019

we understand that on or about this date the company consolidated its shares 1 for 5

04/07/2013

securities reinstated to quotation. We believe that the Company will offer existing shareholders a one for one non-renounceable entitlements issue at a price of $0.005

12/01/2010

securities suspended from quotation pending an announcement

22/12/2009

securities reinstated to quotation

04/06/2009

securities suspended from quotation pending an announcement

01/06/2009

securities reinstated to quotation

20/04/2009

provides its March Monthly Operations Update

17/04/2009

the company is hopeful that an announcement can be made with respect to progress on the sale of the Oklahoma assets in the later half of next week

09/04/2009

releases Half Yearly Report and Accounts and a Reserves Report & Finances - Macquarie Bank has provided Grand Gulf with a waiver of the Events of Default, as relates to the Proven Producing Reserves ratio and the fact that its securities have been suspended for a period of more than five business days, for a period until 16 May 2009 - Macquarie Bank reserves its rights under the facility agreement to declare a breach of the Facility Agreement for other Events of Default other than the two outlined above for that period - Grand Gulf will not be proceeding with the placement announced on 30 January 2009 due to the failure of the Dugas & LeBlanc #1 well creating a total lack of demand for the placement at the price of $0.01 as announced

17/03/2009

provides a Drilling Update and February Monthly Operations Update

13/03/2009

company provides a drilling and finances update

03/03/2009

securities suspended pending completion of drilling at the Dugas & LeBlanc #1 Napoleonville Salt Dome Project

23/02/2009

name changed from Alto Energy International Limited

29/06/2007

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    17/06/2021Mark Freeman3,832,744$0.010$38,446
    11/06/2021Mark Freeman1,167,256$0.010$11,709
    17/09/2020Craig Burton-3,149,000$0.011$33,889
    10/05/2019Craig Burton14,251,733$0.005$71,259
    06/03/2013Charles Morgan10,489,283$0.003$31,468

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Keith MartensChairman
    Dane LanceManaging Director23/02/2022
    Fergus KileyNon Exec Director24/04/2024
    Lloyd FlintCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Craig BurtonExecutive Director05/03/201924/04/2024
    Mark FreemanManaging Director, CEO24/04/201015/04/2022
    Chris BathExecutive Director05/03/201904/09/2021
    Charles MorganExecutive Chairman19/01/200605/03/2019
    Stephen KeenihanNon Exec Director13/11/200605/03/2019
    Alan BossExecutive Director13/11/200605/03/2019
    James TrimbleManaging Director, CEO22/02/200602/12/2011
    Tony GristNon Exec Director19/01/200610/08/2007
    Andrew DimseyExecutive Director15/09/200515/11/2006
    Gregory ChannonManaging Director19/01/200601/10/2006
    Adam SierakowskiChairman21/01/2006
    Richard MontiNon Exec Director21/01/2006
    Gary MaddocksNon Exec Director03/11/2005
    John IkstrumsNon Exec Director15/01/200411/05/2005
    Donald KennedyNon Exec Director15/01/200411/05/2005
    Jose MartinsDirector15/01/200411/05/2005
    Christian JensenNon Exec Director11/06/200307/07/2004
    Stuart DaviesNon Exec Director11/09/200230/01/2004
    Nicholas ReedNon Exec Director10/12/200230/01/2004
    Alister NorwoodNon Exec Director02/07/2003
    John BuckleyNon Exec Director10/04/200215/03/2003
    Anthony HamiltonNon Exec Director16/01/200211/12/2002
    John PalermoNon Exec Director16/01/200211/12/2002
    Patrick LyonsNon Exec Director26/03/200214/04/2002
    John WaddellNon Exec Director15/03/200213/04/2002
    Alan HopkinsNon Exec Director16/01/200222/03/2002

    Date of first appointment, title may have changed.