GLL
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0.00% 1.0¢ galilee energy limited

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  1. discrete
    75 Posts.
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    20/12/11
    19:48
    Post #: 9467426

    If one is ever after backgound, albeit Sep 2010 data on the AGL/GLL JV have a look at this.

    Gas content = low
    Net Coals in targetted seam = good

    They have flowed on one of their pilot wells, so we need to see a reasonable ramp on gas production, towards 200 mcf per day.

    The bad news is the wet season is close, so new core holes and wells are unlikely to be drilled till April 2012.

    http://www.agl.com.au/Downloads/883158_PESA%20Symposium%202010%20presentation.pdf
    GLL Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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