Galilee Energy encouraging coal seam gas results in Galilee Basin

摘要

Galilee Energy Limited, majority owned by Eastern Corporation, has announced encouraging results from its recent drilling programme at Rodney Creek 8 in Queensland's Galilee Basin. The company will pursue further drilling and a pilot production programme, and is considering funding options for the next stages of the programme. In May 2007, Galilee Energy Ltd (67 percent owned by Eastern) initiated a coal seam gas exploration programme on the 12,000 km2 ATP 529P held by the company in the Galilee Basin near Longreach. On 1 November 2007, the company reported encouraging preliminary results from Rodney Creek Number 8 well drilled to 1,110m total depth. Results are being analysed and, where possible, reconciled with data from previous exploration.