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Galilee Energy Cuts Costs and Secures $2.8M Cash Amid Farm-Out Talks
10:06am on Thursday 31st of July, 2025 AEST
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Energy
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Galilee Energy Cuts Costs and Secures $2.8M Cash Amid Farm-Out Talks
10:06am on Thursday 31st of July, 2025 AEST
Key Points
Operational cost reductions implemented at Glenaras Gas Project
Cash balance of $2.8 million after partial capital raising
One-off $1.2 million licence fee paid for reservoir technology
Ongoing farm-out process for Denison Trough permit ATP2050
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