Past year: ▼ 38%(0.40c – 1.00c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Sept 2026annual report● Neutral
Corporate governance statement and Appendix 4G for FY26, approved by the board on 4 September 2026. It reports a three-member board and compliance against ASX recommendations. Administrative, with no new operational or financial information.
4 Sept 2026annual report▼ Bad
FY26 annual report: net loss A$5.42M versus A$3.17M in FY25, mainly Zydeco drilling preparation and Glenaras pilot costs of A$3.89M. Galilee describes a transition to a US Gulf Coast strategy, with Zydeco at 100% working interest and 70% net revenue interest.
25 Aug 2026capital raising announcement● Neutral
Galilee lodged a cleansing prospectus offering up to 1,000 shares at A$0.0045 to raise A$4.50. It exists to lift trading restrictions on shares from the August placement, and raises no meaningful new money.
What it means for a shareholder
1,000 new shares at A$0.0045 to raise about A$5. That's 0.0000552% dilution: every existing holder's slice gets 0.0000552% smaller. If you held A$1,000 of shares (222,222 at the issue price), your slice goes from 0.0123% to 0.0123% of the company. To keep it you'd need 0 more shares - about A$0 at the issue price.
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25 Aug 2026resource reserve update▲ GoodMajor
Galilee expanded the Zydeco-1 sidetrack to seven targets after identifying five shallow oil zones, with unrisked gross Prospective Resource of 317.0 kbbl (2U) and 422.6 kbbl (3U). Stafford has no resource attributed; Upper Tweedel remains the main target.
17 Aug 2026security holder rights change● Neutral
30,000,000 ordinary shares were released from voluntary escrow. Administrative notice only, with no new information on operations or funding.
14 Aug 2026listing compliance notice● Neutral
ASX said Galilee's suspension will be lifted immediately once it releases its capital raising announcement. This notice carries no other substance and ended the extended halt that began 27 July.
14 Aug 2026capital raising announcement● NeutralMajor
Galilee has firm commitments to raise A$3.5M via 777.8M shares at A$0.0045, each with a free listed option, to fund the Zydeco-1 sidetrack. The price is below December's A$0.007. Directors' A$135,000 needs shareholder approval.
What it means for a shareholder
778m new shares at A$0.0045 to raise about A$3.5m. That's 30% dilution: every existing holder's slice gets 30% smaller. If you held A$1,000 of shares (222,222 at the issue price), your slice goes from 0.0123% to 0.00858% of the company. To keep it you'd need 95,426 more shares - about A$429 at the issue price.
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10 Aug 2026listing compliance notice▼ BadMajor
ASX directed Galilee to announce its capital raising status by 10 August; Galilee did not comply. The suspension therefore continues as an ASX-imposed suspension until ASX is satisfied the company meets the Listing Rules, including Rule 3.1.
6 Aug 2026listing compliance notice▼ Bad
Galilee requested another suspension extension, now aiming to finalise the capital raise by pre-market 10 August. The raise has slipped again; the notice gives no terms.
5 Aug 2026listing compliance notice● Neutral
Galilee requested a further suspension extension to finalise its capital raise, aiming for pre-market 6 August. Administrative request with no raise terms or other new information.
3 Aug 2026drilling result▼ BadMajor
Zydeco-1 drilling stopped at 9,393 ft when pipe became stuck, so Galilee plans a sidetrack from 2,760 ft to about 9,800 ft. The original hole showed Homeseeker B hydrocarbon indications and a new Stafford gas target. Tweedel is still untested.
3 Aug 2026asset acquisition disposition● NeutralMajor
Galilee agreed to sell Galilee Resources, owner of the Glenaras gas project (ATP 2019), to Novus. It gets about A$1.34M of security deposits back, a possible A$500,000 deferred payment and a 2% royalty. The buyer takes on funding and rehabilitation obligations, ending Galilee's Queensland gas holding.
3 Aug 2026listing compliance notice● Neutral
Galilee asked to extend its voluntary suspension to 5 August. It says it has started a book build to raise capital to assess three new Zydeco targets. Administrative request, no raise terms yet.
29 July 2026listing compliance notice● NeutralMajor
At Galilee's request, ASX suspended its shares pending a Zydeco-1 exploration update, following a 27 July trading halt. The company says the early data has positive indications but also well-drilling issues that may change the drilling program.
20 July 2026drilling progress report▲ Good
Zydeco-1 hit the Homeseeker B sand on prognosis at about 8,946 ft, with continuous high-pressure gas readings. These are preliminary and not in the project model, so they are possible extra upside. Drilling continues to the Tweedel target, with logging results expected around end of July.
2 July 2026drilling spud▲ GoodMajor
Zydeco-1 in Louisiana spudded (drilling began), on schedule and budget, as Galilee's first US Gulf Coast well. It targets up to 13.7 bcf gas and 610,000 bbl condensate. The next material update is due after electric logging, flagged for August 2026.
30 June 2026drilling progress report▲ Good
Rig 103 is on site at Zydeco-1 with the derrick raised and conductor installed. Final pre-spud checks are under way, with spud still set for the first week of July 2026. Operations are described as on schedule and on budget, with the 13.7 bcf and 610,000 barrel target unchanged.
24 June 2026drilling progress report▲ Good
The Zydeco-1 drilling pad is complete and the rig is mobilising, with spud still set for the first week of July. The target is now quoted at an unrisked 13.7 bcf gas and 610,000 barrels of condensate, up from 8 bcf and 0.5 mmbbl. Galilee holds 100% working interest and 70% net revenue interest. It also issued 36M unlisted options to investor relations consultants.
16 June 2026investor presentation● Neutral
Galilee announced an investor webinar on 18 June 2026, hosted by the Managing Director, with a corporate presentation attached. It previews Zydeco-1, which is still on schedule to spud in the first week of July. No new information in the text.
15 June 2026drilling progress report● Neutral
Site preparation has started at the Zydeco-1 location, with civil works expected through June. Spud remains set for the first week of July 2026. Follow-on US opportunities are said to be identified, with funding and participation terms to be settled only after Zydeco-1 succeeds.
18 May 2026contract award▲ GoodMajor
Galilee signed a fixed-price drilling contract with RFC Drilling for Rig 103 and received state approval. Zydeco-1 is confirmed to spud in the first week of July 2026, to about 10,000 feet. That is a slip from the earlier 2Q target, and it replaces the previously preferred Rig 14.
14 Apr 2026drilling scheduled▲ Good
Zydeco-1 well design and directional plan finished, with a total depth of about 9,750 feet. A revised casing design saves roughly US$100,000. The cost estimate (AFE) is nearly complete, and spud is still planned for 2Q 2026.
31 Mar 2026director officer appointment▲ GoodMajor
Galilee appointed a four-member US Advisory Board, including Cleve Thomas as US Country Manager, to help build a US-focused, cash-flow oil and gas business after Zydeco. Zydeco-1 is still on track to spud in 2Q 2026.
16 Mar 2026drilling scheduled▲ Good
Zydeco-1 well plan finalised: the surface site moved to a nearby farm field to cut site costs, with minor directional drilling. The well will also assess the Homeseeker B sand for possible oil, not in current estimates. Spud still planned for 2Q 2026.
10 Mar 2026drilling scheduled▲ Good
A 3D seismic review confirmed the final bottom-hole location for Zydeco-1, which targets up to 8 Bcf gas and 0.5 MMbbl condensate, with spud planned for 2Q 2026. It cited WTI at about US$90/bbl and gave first-production targets of ~6 months from successful flow in one place and under 9 months in another.
3 Mar 2026half year report● Neutral
Half-year to 31 December 2025: net loss A$1.49M, cash A$2.93M plus A$5.2M received in January from the second placement tranche. Glenaras wells stayed offline and the Novus work was dropped. Glenaras contingent resources unchanged (2C 2,508 PJ).
3 Mar 2026director officer appointment● Neutral
Company Secretary Andrew Ritter resigned and was replaced by non-executive director Dale Hanna. Administrative change following the board overhaul.
23 Feb 2026drilling scheduled▲ Good
Galilee says Zydeco-1 drilling is on track to start in 2Q 2026, with a well location chosen, rigs shortlisted and permitting still in progress. The well could deliver up to 8 bcf gas and 0.5 mmbbl condensate, with sales targeted within six months of spud.
20 Feb 2026security holder rights change● Neutral
Top 20 holders and distribution schedule for the newly issued listed options: 456.2M options held by 194 holders, with the top 20 holding 41.36%. Administrative; the expiry date shown was later corrected.
20 Feb 2026admin correction● Neutral
Amended options holder reports correcting the expiry date to 20 February 2029, three years from issue. The 456.2M options and holder figures are otherwise unchanged. Administrative correction only.
