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1.4¢ galilee energy limited

Ann: Significant progress - fourth well commenced, page-13

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Bullant

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02/06/22

13:38

Post #: 61780014
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Originally posted by 7seven7: ↑

It is unknown where the fractures travel away from the wellbore - this is the point i was trying to make. if the fracture/fault extends through the coal and in to high permeability aquifer - then it will just produce the acquifer and there will be minimal depletion in the coal. if the fracture is contained in the coal seam away from the well - then it will help productivity and make it easier to deplete the coal.

We won't know one way or another until they produce for several months and see or don't see gas building.

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Anyway a bit positive is what we are saying. Management say the current modeling is proving correct with the 3 holes complete, drilling is on time and within budget. lets hope the last few holes are successful and we can see if this bloody works or not.

GLL Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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