High impact, quick to market
Zydeco Gas Project
A transformative acquisition.
Drill ready, low risk gas field
Galilee Energy has aquired the Zydeco Gas Project in Louisiana, USA. This project is drill ready and a discovered low risk field.
This is a transformative undertaking with high impact cashflow generation, that could propel growth and be self funding.
Low development costs, quick production time
The zydeco Gas Project has a low development cost of ~A$7.4m and gas production could come on stream inside of 6 months if drilling commences in 2 months.
"Transformative project with high impact cashflow generation "
Opportunities
Known growth opportunities can be readily secured which could transform GLL into a US-focused mid-tier oil and gas producer.
A highly experienced and capable team that can fully develop the project’s blue-sky potential and create value for shareholders.
Advanced project
Significant work has been undertaken to date, as the Zydeco Gas Project is 3D covered with appraisal and near-field exploration wells drill-ready.
Existing infrastructure
Short 1.6km gas spur line to the Texas Gas Pipeline, and a condensate stripping and truck loading facility.
Readily accessible with existing sealed roads and gravel tracks.
Low risk development
The Zydeco Gas Project, Louisiana, USA is a low-risk development and appraisal of a proven gas & condensate field.
Delivers value
Using relatively conservative assumptions, the Zydeco Project delivers significant positive attributes, including:
- Project NPV 10: A$18.8m
- Payback: 12 months
- EBITDA Yr 1: A$9.2m
- NCF Yr 1: A$7.5m
Advanced Project
Significant work has been undertaken to date, as the Zydeco Gas Project is 3D covered with appraisal and near-field exploration wells drill-ready.
Existing infrastructure
Short 1.6km gas spur line to the Texas Gas Pipeline, and a condensate stripping and truck loading facility.
Readily accessible with existing sealed roads and gravel tracks.
Low risk development
The Zydeco Gas Project, Louisiana, USA is a low-risk development and appraisal of a proven gas & condensate field.
Delivers Value
Using relatively conservative assumptions, the Zydeco Project delivers significant positive attributes, including:
- Project NPV 10: A$18.8m
- Payback: 12 months
- EBITDA Yr 1: A$9.2m
- NCF Yr 1: A$7.5m
High impact, quick to market, growth potential project
Drilling and development are low cost and low risk, targeting first production and cashflow Q3 2026. Revenues from the project will support subsequent phases of drilling in the area including Zydeco East and the delivery of growth opportunities within the USA. The project provides GLL the springboard to grow using cashflow and positions GLL to start its path towards creating a mid-sized US exploration, development and production business.
Proximity to the Texas gas pipeline together with ease of access from highway and parish roads, facilities mobilisation of the drilling rig and installation of production facilities. The project will comprise gas and condensate separation facilities, dehydration, condensate storage, trucking facilities, and a gas spurline to a tie-in point at the Texas gas pipeline less then 1 mile from the Zydeco field.
Company Highlights
Focused on growth & value
GLL is focussed on providing shareholders with growth opportunities and value of investment
Walk up resource
Significant work already undertaken on Zydeco Project, makes for a low risk development of a proven gas field
Highly experienced team
Internationally recognised experts in gas exploration and development
Upside opportunities
Known growth opportunities can be readily secured which can transform GLL into a US-focused mid-tier oil and gas producer
CONTACT
5/420 Bagot Road
Subiaco WA 6008
PO Box 839
West Perth WA 6872
P +61 (0)7 3177 9970