Building a Multi-TCF Fully Integrated Energy Company

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March 2024 Quarterly Report &              Appendix 5B

Latest Company Share Price

Investors Overview

 

THE COMPANY

Galilee Energy Limited (Galilee) is a Brisbane based oil and gas exploration company committed to maturing coal seam gas Reserves from its 100% owned exploration permits in Queensland, with primary focus on its flagship Glenaras Gas Project strategically located in western Queensland’s Galilee Basin.

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Current market data for Galilee Energy Limited can be also be viewed on the ASX website

ASX code: GLL

Galilee Energy Limited

COMPANY HIGHLIGHTS

Pathway to Multi-TCF Gas Development

Updated strategy to facilitate transformational value uplift and progress Galilee towards
becoming a multi-TCF gas development company.

Massive Resource

One of the largest uncontracted resource positions on the east coast of Australia (1C: 308 PJ, 2C: 2,508 PJ, 3C: 5,314 PJ).

 

Significant
Structural
Tailwinds

Increasing demand for gas as the world transitions to renewable and low carbon footprint
energy alternatives.

Number
of Upside
Opportunities

Low salinity water, produced as a bi-product of gas production, to be used for irrigation, delivering high value crop yields and increasing land value.

New, Deeply
Experienced
Management
Team

Internationally recognised expert in coal seam gas exploration and development, David Casey, appointed as Managing Director from December 2021. 

Transition
to a lower carbon
future

Well positioned for the transition to lower carbon future with multiple initiatives currently being assessed, including solar power, hydrogen, carbon capture and storage technology.

CONTACT

Level 6,
167 Eagle Street,
Brisbane QLD 4000

GPO Box 1944, Brisbane
QLD 4001

P    +61 (0)7 3177 9970

E     admin@galilee-energy.com.au