Zydeco-1 Derrick Raised for Transformative Gulf Coast Well
Open PDF
| Stock | Galilee Energy Ltd (GLL.ASX) |
|---|---|
| Release Time | 30 Jun 2026, 8:08 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
Galilee Energy Announces Final Rig-Up Milestone for Zydeco-1 Well
Key Points
- Derrick raised to vertical over the well centre
- Final pre-spud activities completed
- Drilling scheduled for the first week of July 2026
- Targeting up to 13.7 BCFG and 610,000 barrels of condensate
Full Summary
Galilee Energy Ltd. (ASX: GLL) has announced that the final major visible rig-up milestone has been reached for the Zydeco-1 well in Acadia Parish, Louisiana. The drilling derrick has been raised to vertical over the well centre, marking the transition from site construction and rig mobilization into final rig-up and pre-spud readiness. The well is scheduled to spud in the first week of July 2026 and will test a large conventional Gulf Coast gas-condensate target with unrisked prospective resources of up to 13.7 billion cubic feet of gas (BCFG) and 610,000 barrels of condensate. The project operations are progressing safely, on schedule, and within the planned budget, with no significant operational issues identified ahead of drilling.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In