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Glenaras on track for April drilling

Galilee Energy has constructed well lease pads and access roads for the drilling campaign, which is expected to commence in early April.

Galilee has awarded all civil contracts on the Queensland project to local suppliers, while the Easternwell Rig 103 contracted for the drilling is anticipated to mobilise to site this week, pending weather conditions.

The pilot drilling program is scheduled to take approximately six weeks with an aim for new wells to be on production by late June.

Galilee Energy Managing Director Peter Lansom said this was a significant project for the company.

“This an exciting time for the company and momentum is building as we prepare for drilling in early April to transform the business,” he said.

“This is the next milestone to deliver on our strategy of converting resources to reserves and ultimately bringing material volumes of gas into the east coast market.”

The anticipated cost of the drilling program is approximately $8 million.

Galilee owns and operates the project, located in the Galilee Basin, with a 100 per cent interest.

For more information visit the Galilee Energy website.

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