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Hoffer B 1 - Operations Update
ASX/MEDIA ANNOUNCEMENT
7 April 2015
Hoffer B 1 Well (Galilee 35% WI, reducing to 28% after payout) Lavaca County Texas
Galilee Energy Limited (ASX:GLL) ("Galilee" or the "Company") is pleased to confirm that logging operations have commenced at the Hoffer B 1 well.
The cased hole logging activities were delayed for just under two weeks due to a sustained period of wet weather that delayed rig demobilisation and the lease site repair work to take place on the completion of drilling. The gyro survey has been completed and the Operator now expects all remaining cased hole logging operations will be finalised later this week.
Once logging data have been analysed a completions rig and testing crew will be mobilised. Galilee will provide an update on timing of these operations as the information becomes available.
Galilee is participating on equal terms with the other Joint Venture partners for a 35% working interest
(WI) (reducing to 28% after payout) in the Hoffer Prospect in Lavaca County, Texas.
For information contact:
Peter Lansom Managing Director Galilee Energy Limited
+61 (0) 7 3211 8555
[email protected]
A: Level 4, Rowes Building, 235 Edward Street, Brisbane QLD 4000 / P: GPO Box 1944, Brisbane QLD 4001 /
T: +61 7 3211 8555
E: [email protected]
GALILEE ENERGY LIMITED
ABN: 11 064 957 419
ASX: GLL
www.galilee-energy.com.au
ASX/MEDIA ANNOUNCEMENT
About Galilee
Galilee's Board and management are focused on building and expanding its asset mix to create a mid-tier exploration and production company. Galilee has a clear plan to grow shareholder value and the capacity to execute.
Strong Balance sheet
Proven successful Board and Management
New strategic direction
Directors
Chairman - David King
Managing Director - Peter Lansom
Executive Director - Paul Bilston
Non-executive Director - Ray Shorrocks
Shares
Shares on issue - 152,140,466
Top 20 holders - 54.06% *
Directors and Management - 7.19%
*As at 23 January 2015
www.galilee-energy.com.au
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