GLL 0.00% 1.4¢ galilee energy limited

Ann: March Quarterly Report & Appendix 5B, page-3

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  1. 128 Posts.
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    OGP - Galilee started the dewatering on Glenaras in July 2018 with gas flows first reported in September 2018 at ~17.5 thousand scf/day.

    It's coming up to two years that they have been dewatering. The highest gas rate I have seen is 30-40 thousand scf/day.

    There have clearly been interruptions to the dewatering, but isn't it a concern that the gas rate has barely shifted?

    Doesn't this indicate that even if gas rates do increase, they're going to have to do a vast amount of [costly] dewatering to get a commercial project going?
 
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