Grand Gulf to acquire Kessel Resources

US-focussed oiler Grand Gulf Energy has set its sights on the helium market, announcing it will acquire Utah-focussed helium company Kessel Resources, sending its share price soaring up 45%.

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Turns attention to helium with new CEO at the helm

The ASX-listed company said it had entered into a binding agreement to acquire 100% of the share capital of Kessel, a privately held Australian company which holds an interest in the Red Helium