Exoma sinks teeth into Galilee Basin

FOLLOWING its recent exit from the United States, Exoma Energy has entered into a conditional agreement to acquire 100% of the Galilee gas project, which has coal seam gas and shale gas potential, in Queensland's prospective Galilee Basin.

Exoma sinks teeth into Galilee Basin Exoma sinks teeth into Galilee Basin Exoma sinks teeth into Galilee Basin Exoma sinks teeth into Galilee Basin Exoma sinks teeth into Galilee Basin

Under the agreement with private company Longreach Number 2, Exoma will issue about 114 million fully paid shares and the same number of options exercisable at 10c each to Longreach's shareholders.

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