Highlights
❖ Successful completion of A$11.8 million Placement to new and existing institutional and
sophisticated investors.
❖ Funds raised to be applied to drilling and completion of 5 new vertical production wells at
Glenaras to accelerate pressure drawdown and gas production.
❖ Directors intend to invest a further A$440,000, subject to shareholder approval on the same
terms as the Placement.
❖ Directors intend to announce a share purchase plan to raise A$3 million on the same terms as
the Placement.
Commenting on the outcome of the Placement, Managing Director David Casey said “The strong
demand for the Placement is a very positive and encouraging endorsement of the Glenaras Gas
Project and Galilee’s strategy of becoming a significant gas supplier into the east coast gas market.
Galilee is particularly delighted to welcome a number of high-quality institutions to the register as well
as gratefully acknowledging the continued support of our existing shareholders.”
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $6.795M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 1.9¢ | $26.64K | 1.309M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 72999 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.2¢ | 51000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 72999 | 0.020 |
4 | 330000 | 0.019 |
1 | 100000 | 0.018 |
2 | 330000 | 0.017 |
1 | 200000 | 0.016 |
Price($) | Vol. | No. |
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0.022 | 51000 | 1 |
0.023 | 10000 | 1 |
0.025 | 11368 | 2 |
0.029 | 41666 | 1 |
0.030 | 5491 | 1 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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