Galilee Energy Limited announced success in being appointed the Preferred Tenderer for block PLR2018-1-8 by the Queensland Government in the most recent release of new petroleum resource areas. Galilee was successful with its targeted approach for this high-graded block and was awarded the acreage following a non-cash consideration as part of a competitive tender process. The acreage has dual prospectively within both the world-class Walloon CSG fairway and the oil and gas prone eastern flank of the Taroom Trough, proximal to the Moonie Field. This new acreage is less than 10 kilometres from established CSG production facilities and adjacent to the south of the Ironbark CSG asset which was recently acquired by APLNG for $231 million. The area is significantly under-explored and will benefit greatly from Galilee applying contemporary exploration technology to advance the understanding of this highly prospective area. PLR2018-1-8 is also strategically close to existing production and pipeline infrastructure, which provides improved access to the eastern Australian markets. Galilee will leverage off its experienced, high quality operatorship of ATP 2019 in the Galilee Basin, with the existing management team also having a proven track record of successfully exploring, appraising and developing CSG tenures in the Surat Basin. Importantly Galilee has sufficient resources in place to drive both ATP 2019 and this Surat Basin acreage forward in parallel.