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Why Is Galilee Energy Holding $2.25M While Wells Stay Offline?
11:41am on Friday 31st of October, 2025 AEDT
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Energy
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Why Is Galilee Energy Holding $2.25M While Wells Stay Offline?
11:41am on Friday 31st of October, 2025 AEDT
Key Points
Cash balance steady at AUD 2.25 million with no debt
All Glenaras wells offline during the quarter
Focused on reservoir pressure monitoring to understand reservoir behavior
Assessing farm-out options and alternative commercial opportunities
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