Galilee drills second well in three well campaign

GALILEE Energy’s shares jumped nearly 16% this morning after telling the market it had successfully drilled the second well in its three-well lateral drilling program at the Glenaras CSG project in Queensland, encountering a large coal seam.

Galilee drills second well in three well campaign Galilee drills second well in three well campaign Galilee drills second well in three well campaign Galilee drills second well in three well campaign Galilee drills second well in three well campaign

The Glenaras 15L lateral well was drilled within budget and encountered approximately 295 metres of net coal intersected in the well through the R3 seam primary target.