Galilee Energy Ltd ('Galilee') (ASX: GLL) is pleased to provide the following drilling update and announce that Silver City Rig 23 has completed the 6 th and final well of this year's current programme at the multi-well pilot ('Pilot').

Glenaras 29 was the 6 th and final well of the 2022 programme and was drilled to a total depth of 1,039 metres, with all Betts Creek Beds coal seams intersected as prognosed. A total of 27 metres of net coal has been confirmed with excellent gas shows. The rig was released yesterday and is demobilizing off our site. Notwithstanding the potential risks around drilling through a depleted reservoir area, this well was successfully completed and marks the end of the drilling component of the overall programme. All existing wells will now be progressively brought back online over the coming weeks with surface facilities work on track for completion by the end of July.

Contact:

David Casey

Tel: +61 7 3177 9970

ABOUT GALILEE

Galilee Energy is focused on creating a high value exploration and production company building on its core strengths in coal seam gas appraisal and development. Its primary area of focus is Queensland where it is appraising the Galilee Basin and exploring in the Surat and Bowen Basins whilst looking to add further high quality acreage to its portfolio.

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