GLL 0.00% 1.4¢ galilee energy limited

back in right direction, page-28

  1. 380 Posts.
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    Hi Ric,

    GLL doesnt lack blue sky appeal, and its important to put into perspective the scale of what we are trying to achieve. GAS have effectively hit gas, but a much tinier resource than GLL and only 1/5th of the shares on issue. My bet is that GLL will have the upper hand over all other players over time as we have secured a rig for the 2019 drilling campaign for further exploration to find more resources and convert more of the 5300 3P pj of resources into reserves. GAS's MC of $100million reflects a gas find that is smaller and yet closer to market, yet our MC reflects we are on the cusp of improving gas flow and first reserves booking (albeit only with gas rates currently at 20,000cf/d) for a small part of our tenement
    Last edited by Deus_EX_102: 19/01/19
 
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