Galilee Energy Ltd. announced the execution of a non-binding Memorandum of Understanding (MoU) with the state-owned Oil India Limited (OIL). The intent of the MoU between Galilee and OIL is to enhance and build ties with each other through possible collaboration in CSG related projects and advanced technology implementation for oil and gas projects in India, Australia and any other country of common interest. The MoU sets the basis for Galilee and OIL to potentially create formal partnerships in India, Australia and other countries where shared interests are identified through possible collaboration in the following areas: Investing in CSG opportunities in India through submitting joint bids in the current Special Bid Round 2022 and/or exploring the possibility of farming into existing, operated CSG assets; Forging cooperation in research and studies with particular focus on enhanced CSG recovery and enhanced conventional oil and gas recovery operations; Leveraging Galilee's considerable skills and experience in providing technical and engineering services for OIL's CSG growth aspirations and conventional oil and gas assets; Pursuit of other mutually beneficial business opportunities related to the oil and gas sector elsewhere in the world, including feasibility of strategic alliances in Galilee's CSG assets in Australia.