stock offer, page-3

Could be a quick win for some new shareholders however...

1 to substantially reduce Galilee's present running costs, which are excessive.

2 To immediately cease further expenditure on ATP 799P.

3 In respect of ATP 529P (the AGL project), to make a precise assessment of the remaining
costs required to March 2014 to establish a realisable value or a write off, as the case may be.

4 To convene an EGM to approve the return of remaining cash funds to shareholders.

5 If value can be obtained forthe AGL project, to return further funds to shareholders