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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
31 Oct 2025quarterly activities report● Neutral
September quarter: cash A$2.25M, no debt, all Glenaras wells offline. The board chose not to continue with the Novus engagement, ending the March technology licence. Springsure farm-out options are still being assessed.
3 Oct 2025agm notice● Neutral
The 2025 AGM is set for 25 November 2025, with director nominations closing 14 October. Administrative notice only.
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.
31 July 2025quarterly activities report● Neutral
June quarter: cash fell to A$2.8M, no debt, after the final Novus licence payments (A$1.2M in total, A$0.9M this quarter). Glenaras wells offline and costs cut further. A farm-out of Springsure (ATP 2050) is underway; the placement brought in A$0.9M in total.
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.
28 Apr 2025quarterly activities report● Neutral
March quarter: cash A$4.1M, no debt. First A$300,000 Novus licence instalment paid; Novus is reviewing the Glenaras model and the Springsure permit. All Glenaras wells offline. A$0.7M of the A$0.006 placement received; A$0.2M awaits 8 May shareholder approval.
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.
24 Jan 2025quarterly activities report● Neutral
December quarter: cash A$4.38M, no debt, helped by a A$1.9M R&D tax refund. Merger with Vintage terminated and 'alternative options under review'. One Glenaras well is online; Wandana is still described as drill-ready. Exploration spend A$0.34M.
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.
22 Oct 2024quarterly activities report● Neutral
September quarter: closing cash A$3.84M, no debt, after the roughly A$2.6M raising. One Glenaras well is online while the model is analysed. Kumbarilla permit (ATP 2043) surrendered after review, ending the earlier oil-lead and seismic plans.
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.