GLL 4.35% 2.2¢ galilee energy limited

Not a good presentation. Full of distractions about renewables,...

  1. 128 Posts.
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    Not a good presentation. Full of distractions about renewables, water and other projects. The only story which really matters to shareholders is Glenaras. That's why they bought into this company.

    The message on Glenaras confuses me. There is no clear or simple explanation of why, after 6+ years of dewatering and 5+ new wells over the past year the gas production has been falling for the past year. Nor is there a clear or simple explanation of why this will change.

    The management really need to do a better job of explaining more clearly to shareholders why they should maintain the faith.

    Because at this point, it looks like it is only hope - not data which keeps this project going.
 
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