Galilee Energy Ltd
Galilee Energy Limited is an integrated and diversified sustainable energy company and a key supplier of natural gas to the east coast market of Australia.
The business
Galilee Energy Limited is an integrated and diversified sustainable energy company and a key supplier of natural gas to the east coast market of Australia. The principal activity of the Company is oil and gas exploration and production. It has tenement interests and exploration and evaluation activities in Australia, the United States and Chile. The Company holds interests in a diversified exploration portfolio with coal seam gas and conventional oil and gas assets in three of Australia’s east coast basins. Its projects include Glenaras Gas Project, Kumbarilla Project, and Springsure Gas Project Denison. The Glenaras Gas Project is located in the western central Galilee Basin. The Galilee Basin is a sedimentary basin covering approximately 247,000 square kilometers (sq.km). The Kumbarilla Gas Project in ATP 2043 is located in southern Queensland. The Springsure Gas Project, which is located at ATP 2050 in central Queensland.
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Latest news
Galilee Energy engages Novus Energy Trading to help advance complex Glenaras gas project
Galilee Energy (ASX: GLL) has engaged private oil and gas firm Novus Energy Trading to help explore solutions for complex reservoir challenges at its Glenaras gas project in Queensland’s Galilee Basin. Galilee expects the technology licence agreement between the two companies will help identify the best path to commercialising its assets by applying the latest […]
Vintage Energy and Galilee Energy call off proposed oil and gas merger
Vintage Energy (ASX: VEN) and Galilee Energy (ASX: GLL) have mutually agreed to terminate the scheme implementation deed (SID) that would have led to the merger of two significant Australian onshore gas developers. Announced to the market in October, the SID would have seen Vintage’s Cooper Basin gas fields in South Australia and Queensland aligned […]
Weekly wrap: RBA was right on rates and it cost us a record
There will be no letup in the political attacks against it but the share market has finally conceded that the Reserve Bank was absolutely right not to cut interest rates this year. With Australian employment growth now hitting a 16-month high and workforce participation at a record, with inflation still sticky, the Reserve Bank’s caution […]
Vintage Energy advances merger plans with Galilee Energy as Odin-2 gas well goes online
Junior Australian gas companies Vintage Energy (ASX: VEN) and Galilee Energy (ASX: GLL) have moved to the next stage of their proposed merger. Cooper Basin conventional gas developer Vintage and Queensland coal seam gas specialist Galilee Energy have entered into a Scheme of Implementation deed aimed at bringing their significant assets under one roof, upon […]
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