Past year: ▼ 38%(0.40c – 1.00c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Feb 2026capital raising announcement● Neutral
Prospectus for up to 464,285,714 new options, lodged 13 February 2026. These appear to be the free 1:2 options attached to the December placement shares (exercise A$0.011, per earlier context, an inference). Mainly a paperwork step for that raising.
4 Feb 2026material agreement▲ Good
Galilee signed a co-operation agreement with Louisiana group Kitty Hawk LLC, which will licence seismic data over Zydeco and share technical expertise. The two will also look for other Louisiana opportunities. No financial terms are given in the text.
30 Jan 2026quarterly activities report● NeutralMajor
December quarter: shareholders approved the Zydeco acquisition and the A$6.5M raise on 27 January 2026. Cash was A$2.93M at 31 December. Glenaras wells remain offline, and Springsure (ATP 2050) was relinquished, ending the farm-out effort.
22 Jan 2026contract award▲ Good
Galilee signed a master service agreement with Louisiana drilling consultancy Chalmers, Collins & Alwell to oversee rig selection and service providers for Zydeco-1. A service contract rather than a rig contract; the rig is still being chosen.
13 Jan 2026asset acquisition disposition▲ Good
Galilee secured additional mineral leases at Zydeco (325.3 acres, Louisiana), allowing them to be unitised into one block, and is working to finalise a rig for Zydeco-1. The deal still needs shareholder approval at the 27 January 2026 meeting.
12 Jan 2026director officer appointment● Neutral
Managing director Joseph Graham's fixed pay rose to A$290,000 from 1 January 2026, on an indefinite term with bonuses tied to a Zydeco-1 rig contract and drilling to about 10,000 ft. The registered office moved to Subiaco, Western Australia.
19 Dec 2025director officer appointment● NeutralMajor
Following the Zydeco deal, Joseph Graham becomes managing director and Eduardo Robaina (chairman) and Dale Hanna join the board. Ray Shorrocks, Greg Columbus and Stephen Kelemen resigned, replacing the long-standing board.
2 Dec 2025other● Neutral
ASX notice that trading in Galilee shares will resume once the capital raising and acquisition announcement is released. Administrative, no new information.
2 Dec 2025asset acquisition disposition▲ GoodMajor
Galilee has an option to buy Minerals U, holder of the Zydeco gas project in Louisiana (325 acres), for 175M shares plus a 5-10% royalty, subject to shareholder approval. It also raised A$6.5M at A$0.007 per share, with free options. A shift from Queensland.
28 Nov 2025other● NeutralMajor
Galilee requested a voluntary suspension of its shares, following a trading halt on 26 November. It said it was finalising a material capital raising and acquisition, expected to be announced by 1 December.
3 Nov 2025director officer appointment▲ GoodMajor
Joseph Graham, formerly CEO of Kato Energy, was appointed CEO on a 12-month contract at A$203,400 fixed pay. Ray Shorrocks steps back to non-executive chairman, filling the CEO gap open since David Casey left in December 2023.
28 Aug 2025annual report● Neutral
FY25 net loss A$3.17M versus A$3.54M, with Glenaras pilot costs down to A$1.32M from A$5.38M. Contingent resources unchanged (2C 2,508 PJ). Novus work was ongoing at year end, and Wandana is still described as drill-ready.
28 Aug 2025other● Neutral
Appendix 4G corporate governance checklist lodged with the FY25 annual report. Administrative filing with no new information.
24 July 2025director officer appointment● Neutral
Non-executive director Gordon Grieve resigned after nearly six years, citing other commitments. Stephen Kelemen takes over as Audit Committee chair. The board is now three: Shorrocks, Kelemen and Columbus.
24 Mar 2025material agreement● NeutralMajor
Galilee signed a technology licence with Novus to seek ways to improve Glenaras drainage, paying A$300,000 a month for an initial four months plus five seconded staff. It also placed 166.7M shares at A$0.006 to raise A$1.0M, with directors taking A$0.2M subject to approval.
12 Mar 2025half year report● Neutral
Half-year to 31 December 2024: net loss A$594k versus A$1.35M a year earlier, with lower pilot costs under the well-rotation strategy. A$1.9M R&D refund received. Contingent resources unchanged (2C 2,508 PJ); data room still open to potential partners.
12 Dec 2024material agreement termination▼ BadMajor
Galilee and Vintage mutually terminated the Scheme Implementation Deed signed in October. After extensive discussions, the scheme was no longer believed to be in either company's shareholders' best interests, and the parties could not agree revised terms.
22 Nov 2024director officer appointment● Neutral
CFO Milton Cooper resigned to take another role in the oil and gas sector and will hand over in an orderly transition over the coming months. No replacement named in the announcement.
18 Oct 2024annual report● Neutral
2024 Annual Report: the chairman says Glenaras coals are only approaching critical desorption pressure, and the wells were shut in partly to conserve cash. Wandana prospect is described as ready for drilling. Mostly repeats earlier results and the FY24 financial statements.
18 Oct 2024other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report. Administrative filing with no new information.
15 Oct 2024business combination▲ GoodMajor
Galilee and Vintage signed a binding Scheme Implementation Deed, converting the August Heads of Agreement: 2 Vintage shares per Galilee share, with Galilee holders owning about 40% of the merged group. Board unanimously recommends, subject to an independent expert and no superior proposal.
20 Sept 2024capital raising announcement▲ GoodMajor
Entitlement offer completed: 173.4M new shares issued at A$0.012, raising about A$2.08M, with Canaccord taking up 115.3M shares (A$1.38M) as underwriter. This meets the raising condition of the Vintage merger, which Galilee says is to be voted on later this year.
What it means for a shareholder
173m new shares at A$0.012 to raise about A$2.1m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held A$1,000 of shares (83,333 at the issue price), your slice goes from 0.015% to 0.0114% of the company. To keep it you'd need 25,934 more shares - about A$311 at the issue price.
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17 Sept 2024capital raising announcement● Neutral
Entitlement offer closed 13 September with valid applications for 58.1M shares (about A$700,000). The remaining 115.3M shares fall to underwriter Canaccord. Completion is expected 20 September.
23 Aug 2024capital raising announcement● Neutral
Offer booklet and ineligible-shareholder letters dispatched for the 1-for-2.2 entitlement offer at A$0.012, up to 173.4M shares and about A$2.08M. Holders outside Australia and New Zealand cannot take part. Administrative step in the 15 August raising.
16 Aug 2024capital raising announcement● Neutral
Offer Booklet for the underwritten 1-for-2.2 entitlement offer at A$0.012 per share, raising about A$2.08M. It is non-renounceable, so shareholders who don't take up are diluted. This implements the 15 August raising.
16 Aug 2024admin correction● Neutral
Because of ASX pricing rules, the placement and entitlement offer price was cut from 1.25 cents to 1.2 cents per share. Updated notices were lodged.
16 Aug 2024annual report● Neutral
FY24 (to 30 June 2024) net loss A$3.54M versus A$8.94M the year before, driven by Glenaras pilot costs of A$5.38M. Contingent resources unchanged (2C 2,508 PJ); coals are 'verging on' critical desorption pressure. Figures repeat the earlier quarterlies.
15 Aug 2024business combination● NeutralMajor
Galilee signed a binding Heads of Agreement for Vintage Energy to acquire 100% via scheme of arrangement: 2 Vintage shares per Galilee share, implying A$0.02. Galilee holders would own about 39.8% of the merged group. Subject to due diligence, independent expert and Galilee's A$2.5M raising. This follows the failed search for a Glenaras partner.
15 Aug 2024capital raising announcement● NeutralMajor
Galilee launched a fully underwritten raising: A$500,000 placement of about 40M shares at A$0.0125, plus a 1-for-2.2 entitlement offer for about A$2.15M at the same price. Canaccord underwrites, with about A$300,000 sub-underwritten by directors. Funds go to scheme costs and working capital. The raising is dilutive to those not taking up their entitlement.
What it means for a shareholder
40.0m new shares at A$0.0125 to raise about A$500,000. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (80,000 at the issue price), your slice goes from 0.0235% to 0.0211% of the company. To keep it you'd need 9,419 more shares - about A$118 at the issue price.
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15 Aug 2024investor presentation● Neutral
Vintage's presentation of the proposed Galilee merger, repeating the Heads of Agreement terms. The visible text is disclaimers; no new information is shown.
