Galilee Energy has announced the execution of a non-binding memorandum of understanding (MoU) with Essar Exploration and Production to work towards potential collaboration in Galilee’s Glenaras gas project.
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The Australian Taxation Office has approved Galilee Energy’s research and development (R&D) application, with it also receiving a tax offset of $7.6 million for the 2021/2022 financial year.
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Following the success of an identical remedial operation at Glenaras 26, which isolated water contributions from the Aramac sands, Galilee Energy pursued the program at Glenaras 27 and Glenaras 28.
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Galilee Energy has confirmed that the Silver City Rig 23 has commenced drilling the second of five wells at Glenaras, located in central Queensland.
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Galilee Energy has successfully completed an oversubscribed placement to new and existing investors to raise $11.8 million to fund new wells at its Queensland project. Read More
Galilee provided an update on the Glenaras multi-well pilot program in the Galilee basin ATP 2019, reporting that all pumps have been back online since last workovers. Read More
Galilee Energy has confirmed gas flows are promising for the Glenaras multi-well pilot program, with the Galilee Basin project now progressing despite mechanical malfunctions.
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