GALILEE ENERGY LIMITED - ASX Briefs

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GALILEE ENERGY LIMITED (ASX: GLL)

GLL: Operations Update

GALILEE ENERGY LIMITED

$7.7 million R&D refund received, bolstering balance sheet through to end of 2023
Engineering underway for hydrogen demonstration at Glenaras
G27 and G28 remedial operations successfully completed, both wells back online with improved gas rates

2023-04-17 09:12:00

GLL: R&D receipt to boost Balance Sheet

GALILEE ENERGY LIMITED

Galilee Energy receives $7.6 million R&D tax offset from the Australian Government for the 2021/22 financial year.
Funds will strengthen the company's balance sheet and accelerate activities at the Glenaras Gas Project and a potential hydrogen demonstration.
Galilee is now in a unique position to leverage its resources amidst tightening east coast gas supply.

2023-03-28 10:26:00

GLL: Glenaras Operations Update

GALILEE ENERGY LIMITED

Remedial operations have commenced on G27 and G28
Total gas rate back to around 100 Mscfd
Encouraging signs of a reservoir transitioning to gas production

2023-03-08 09:04:00