Galilee Energy has been awarded a 1,425 square kilometre Bowen Basin exploration area by the Queensland Government located in the gas-rich Denison Trough region.
- This expansive acreage contains significant resource potential in multiple, highly prospective coal seam gas fairways and several, stacked conventional gas reservoirs.
- Less than 10 km from the Northern Denison gas fields production and pipeline facilities and in close proximity to Jemena’s proposed Galilee Gas Pipeline.
- The award of PLR2019-1-1 is a significant addition to Galilee’s growing portfolio, which now includes three high calibre exploration permits, strategically spread across three of Queensland’s major gas and oil bearing Basins.
- The award of PLR2019-1-1 was based on a non-cash consideration as part of a competitive tender process.