Perth, Australia (ABN Newswire) - Grand Gulf Energy Limited (ASX:GGE) is pleased to release the Boleslaw 1 well drilling update 1.

- The Boleslaw #1 Well spud on 11 December 2016 and is presently completing a casing run at 952m.

- The First target, the Santonian sandstone, is anticipated to be intersected between 1,050m and 1,100m.

- The Second target, the Deep Cretaceous sandstone, is anticipated to be intersected at 1,400m.

- Planned TD of 1,500m and expected to cost A$2.8 million

- The well is presently running on budget.

- GGE also has a 20.4% interest in the Kolo Licence which covers 1,150 square kilometres.

For more detailed information on the Boleslaw Project please refer to our release made on 13 December 2016.



About Grand Gulf Energy Limited:

Grand Gulf Energy Ltd (ASX:GGE) is an ASX listed US based oil and gas exploration and production company with management in Houston and assets in Louisiana, Alabama and Poland.



Source:

Grand Gulf Energy Limited



Contact:

Mark Freeman
Managing Director
Grand Gulf Energy Limited
T: +618-9389-2000
F: +618-9389-2099
E: info@grandgulf.net
WWW: www.grandgulfenergy.com