GLL
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5.88% 1.8¢ galilee energy limited

Ann: Glenaras Gas Project - Production Update, page-6

  1. turtleboy
    5,317 Posts.
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    19/11/18
    20:24
    Post #: 36562713
    Don't think today's announcement was positive at all.
    Though not being negative, the dewatering could take more than 12 months.
    The water is an issue atm and the larger pump is still not getting to higher gas readings. However "if" that water is cleared out and the gas flows strong, then the SP will take off.
    It's a gamble and waiting game atm.
    Totally different structure to the Surat Basin.
    DYOR
    GLL Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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