Grand Gulf Energy, Paradox Resources ink helium offtake agreement


Amidst talks of “Helium Shortage 4.0”, Grand Gulf Energy has inked a helium offtake agreement with Paradox Resources.

Based in Houston, US, Paradox Resources is owner of the Lisbon helium processing plant, located 20 miles north of Grand Gulf Energy’s Red Helium Project.

News of the agreement provides a path to monetisation of Grand Gulf Energy’s Jesse#1 well, if next month’s spudding plans are successful.

Key terms of the deal include an 80/20 industry standard revenue split, in favour of Grand Gulf Energy, as well as standard tariffs for gathering, compression and processing.

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