Australia's Galilee Energy climbs on signing MoU with Oil India
01/12/2022 24:02
** Shares of Galilee Energy GLL.AX rise as much as 5.6% to
A$0.285, their highest since Nov 18
** Co signs a memorandum of understanding with Oil India Ltd
OILI.NS to explore collaboration in potential coal seam gas
(CSG) assets and in technology interventions for oil and gas
projects in India and Australia
** Parties will also conduct research and studies with
particular focus on enhanced CSG recovery and enhanced
conventional oil and gas recovery operations
** Stock down ~29% this year, as of last close
(Reporting by Tejaswi Marthi in Bengaluru)
((tejaswi.marthi@thomsonreuters.com))