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Kansas seismic programme commences
ASX/MEDIA ANNOUNCEMENT
19 November 2014
Galilee Energy Limited (ASX: GLL) ("Galilee" or the "Company") is pleased to announce that the initial 3D seismic survey in Meade County, Kansas has commenced. The contracted seismic company has advised that it has now secured the required seismic permits and has commenced field activities.
Galilee has contracted with LoneStar Geophysical Surveys LLC to carry out the approximately
40 sq mile seismic shoot. Subject to normal field conditions, Lonestar expect to complete seismic acquisition by the end of the year with preliminary processing and results available early in 2015.
The key reservoir targets are shallow (4,000-6,000 ft) limestone and sandstones in the Carboniferous section, primarily in the Missourian Lansing and Kansas City groups. The reservoirs are generally from 5 to 40 feet thick and often have more than 20% porosity.
Secondary objectives exist in the slightly deeper Cherokee Group, Marmaton Group, Morrow
Sandstone and Mississippi Lime.
For further 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 - 53.75% *
Directors and Management - 6.22%
*As at 31 October 2014
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www.galilee-energy.com.au
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