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Galilee on pathway to commercial gas production

Galilee Energy managing director David King has described the second quarter as a busy quarter of activity, with the company reaching a significant milestone at its Glenaras gas project .

“We reached a milestone with the inner area of the central pilot now below critical desorption and producing increasing gas, along with progressive pressure depletion in the out vertical wells,” King said.

“The depletion in the outer wells demonstrates excellent lateral connectivity in the reservoir across the entire permit. This augurs well for full field project economics and provides context for the additional amount of time taken thus far to reduce the pressure in the pilot area.”

IamFire plc (AQSE:FIRE) is an Investment Issuer Listed on the AQSE Growth Market Exchange. The company has an investment strategy focused on the identification of opportunities in Life Sciences, Technology & Natural Resources.

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