Canaccord Genuity has just released a report on Galilee as part the ASX weekly Broker Reports Portfolio
"These are very exciting times for the company."
The report details a number of fundamentals that are working in favour of the Glenaras Pilot.
"Drilling results and the initial pressure results have all but debunked the theory that the cleat system is predominantly in one direction. This amended geological view, in our opinion, is highly positive for productivity and also increases the value of the G15L and G16L which will provide additional shielding of the central G14L well."
As usual their analyst James Bullen has done a very professional job of summarising the current situation.
Regards
OGP
GLL Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
