GLL 0.00% 2.3¢ galilee energy limited

Ann: December 2020 Quarterly Report & Appendix 5B, page-3

  1. 863 Posts.
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    It's a bit early to be depressed for a very very few of you. The trading is in peanuts. The sell side is heavily weighted way above the last raise of 63C. I agree that 63C price was not in us retailers' interest, but Cannacord must be happy. The previous raise was 75C
    Last report said:
    "The water rates from the additional six wells are exceeding the estimated rates from the
    recent Schlumberger reservoir modelling which augurs well for achieving the Pilot’s intended objective
    of accelerating the depressurisation process and achieving commercial gas flow rates".
    That said to me "We got it wrong for a long time, but Schlumberger set us straight and now other gas players are seeing real possibilities of commercial flows of trouble free gas'. Trouble is, no-one is hinting "when".
    Cheers, Japes
 
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