Ann: June 2018 Quarterly Report & Appendix 5B, page-5

The following is not investment advice and readers should do their own research.


A few pieces of the Galilee Basin Jigsaw Puzzle are Really Starting to Come Together.

• The Galilee Quarterly Report 31 July 2018 speaks positively on progress on of Glenaras 10L, 11L and 12L pilot campaign, and the Blue Energy Quarterly Report released today is expressing a similar view to the earlier Pattersons Report

Extract from Blue Energy Quarterly Activities Report To 30th June 2018​

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https://hotcopper.com.au/threads/ann-quarterly-activities-report.4329678/?post_id=34636674​

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“To the west, Galilee Energy has drilled two lateral wells into the Betts Creek Beds (Late Permian Coal Measures) and have recently put these wells on extended production test.​

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Early reports by the Operator suggest that water production rates from the coals are very encouraging and commensurate gas flows from the coal seams are expected by the Operator. A successful gas flow in this adjacent permit will add value to Blue Energy’s existing 838 PJ of Contingent Resources in ATP813P.”​

• The Jemena Pipeline to Market is Progressing Well on the Back of the very Successful NGP1 Construction

Substantial progress has been made by Jemena on its pre-FEED planning for the Galilee Gas Pipeline, including approval received in July from the Queensland government for a Petroleum Survey Licence to allow for on-the-ground surveying of the pipeline investigation corridor from the Glenaras Gas Project to a tie-in to the Queensland gas transmission network north of Wallumbilla.​

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• LNG Export prices and shortages are in Galilee’s Favour

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https://hotcopper.com.au/threads/east-coast-shortages.4327346/?post_id=34616708​

As I See it, he Combination of Galilee Energy, Comet Ridge and Blue Energy with the extended NGP2 to Wallumbilla is starting to reach the critical starting output of say 400TJ/day to really start to attract interest from the larger O&G players.


Regards

OGP