Good news for Galilee

GALILEE Energy says logging its first US well, Hoffer-B1, has uncovered even more promising reservoir zones in the prolific Gulf Coast formations, and that the well could be a company-maker for the long suffering explorer.

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The company says preliminary analysis of the cased hole logs on the Hoffer-B1 well (35% WI, reducing to 28%)in Texas, has identified a number of significant gross sandstone intervals in the lower

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