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Galilee Energy Ltd (GLL.AX)

GLL.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Galilee Energy Ltd to acquire 100 pct. of ATP529P from AGL Energy Ltd
Wednesday, 3 Jun 2015 08:21pm EDT 

Galilee Energy Ltd:Says that AGL Energy Ltd (AGL) has agreed to transfer its 50 pct. interest in ATP 529P to Galilee.Says transaction will be at no upfront cost to Galilee and is subject to the finalisation of a formal sale and purchase agreement, audits into asset and Queensland government approval.Says that as part of transaction AGL will also contribute $590,000 to Galilee to support future operations at Glenaras.Says completion of transaction is expected in late July or early Aug, 2015 with an effective date of June 1.  Full Article

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