Dec 2 (Reuters) - Grand Gulf Energy Ltd GGE.AX :
* Demerger of US assets
* Says has resolved, subject to shareholder approval, to demerge most of the company's US assets
* New entity, Louisiana oil ltd, will be assigned ownership interests in the demerged assets
* Company will undertake an in-specie distribution of the Louisiana oil shares to all shareholders as a return of capital
* Source text for Eikon ID:nASX9bMLTt