Australia's Galilee Energy jumps on Glenaras gas project performance
06/10/2022 03:51
** Shares of oil and gas explorer Galilee Energy GLL.AX
rise as much as 10.3% to A$0.32, eyeing their best session since
Aug. 16
** GLL says Glenaras multi well pilot in Queensland is
performing better than before
** Steady operational performance with 15 wells online,
producing at about 90 Mscfd and 30,000 BWPD - co
** Co expects larger volumes of desorbed gas in coming
months
** Stock down ~23.7% this year, as of last close
(Reporting by Anan Ashraf in Bengaluru)
((Anan.Ashraf@thomsonreuters.com;))