GLL 0.00% 2.3¢ galilee energy limited

Ann: Glenaras drilling update, page-3

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    this paragraph seems pretty positive. stock is down today because of the awful market.

    If there is a benefit that has come from having the Pilot wells shut in, it is that the Company has been able to monitor reservoir pressure performance in the Betts Creek Beds over time, which has further confirmed the pre-drill expectation of exceptional reservoir quality and significant lateral continuity. In addition, it has become abundantly clear that the addition of a central vertical well, fully shielded in all directions, represents the most efficient means of collectively draining the entire Betts Creek Beds section and in turn accelerating de-pressurisation and gas desorption towards achieving commercial flow rates of gas.

 
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