Grand Gulf Energy Ltd
GGE.AU
$0.00
Closing
▲16.67%
1D
▼-33.33%
YTD
Market cap
$9.41M
52 week high
$0.01
52 week low
$0.00
Volume
1,800,440
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Market cap
$9.41M
Analysts' Rating
-
Price Target (Mean)
-
Total Analysts
0
P/E
Operating Margin
-328.37%
Beta
1.70
Revenue Growth (Annual)
-53.01%
52 week high
$0.01
52 week low
$0.00
Div. Yield
%
EPS Annual Growth
0.00
Note on Purification and Zakat
- Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
- If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
- For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Grand Gulf Energy Ltd is an Australia-based independent exploration and production company with operations and exploration in North America. The Red Helium project is located in Utah, in the prolific proven helium producing Four Corners area of the United States. The project has a gross unrisked P50 prospective resource of approximately 10.9 billion cubic feet (bcf) recoverable helium (independently estimated), with over 29,000 gross acres leased. The Company is the majority shareholder of Valence Resources LLC, operator of the Red Helium project, with the right to earn up to 85% by drilling three exploration wells. The project comprises approximately 315 kilometers (kms) of 2D seismic has been acquired and reprocessed identifying multiple drill targets. The Company has a working interest (WI) of 39.65% in Desiree Field, 55.5% in D&L FIELD and 66% in DJ BASIN, COLORADO, USA.
