Galilee Energy Limited · ASX:GLL
Galilee Energy — Shareholder Meeting (November 2013)
5 slides from Galilee Energy's shareholder meeting presentation, Nov 28, 2013
Slide 1: AGM Presentation – 28 November 2013
For personal use only AGM Presentation – 28 November 2013 Peter Lansom MD This presentation may contain forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may b
Slide 2: Agenda
For personal use only Agenda 1. Glenaras Pilot Project 2. ATP799 Relinquishment 3. Growth strategy 2
Slide 3: ATP 529P Glenaras Pilot Project
ATP 529P Glenaras Pilot Project For personal use only Pilot Performance • A further workover has been required during the last month due to a failed pump. • All wells now back on line and producing. Currently producing approximately 3,000 bwpd* with minimal gas flow. • The workover has seen some re-
Slide 4: ATP 799P Exploration Results and Relinquishment
ATP 799P For personal use only Exploration Results • 100% owned and operated by Galilee Energy. • Primary target: the Betts Creek coal measures. ATP 799P • Activities to date have included three coreholes; Dunrossie 1, Dotswood 1 and Hillview 6 and 194 km of 2D seismic. • Results from this work have
Slide 5: Growth Strategy
Growth Strategy For personal use only Galilee’s Position • The company has a strong balance sheet with $27 million in cash. ATP 799P • Board and management have strong credentials in exploration and reserve growth. • Capital raising in current climate is very difficult for small exploration companie