• Zydeco-1 drilling commenced on 1 July 2026
• Cost optimization measures reduced tubular costs by approximately US$100,000
• Projected resource targets include up to 13.7 Bcf of gas and 610,000 barrels of condensate

Galilee Energy Ltd. announced the successful commencement of its first US Gulf Coast drilling campaign with the spudding of the Zydeco-1 well on 1 July 2026. The company finalized the well design, secured state regulatory approval, and executed a fixed-price drilling contract with RFC Drilling, LLC. Site construction and pre-spud activities were completed on schedule and within budget, leading to the successful start of drilling operations. The Zydeco-1 well is targeting the Upper and Lower Tweedle formations, with gross unrisked prospective resources estimated at up to 13.7 billion cubic feet of gas and 610,000 barrels of condensate.

Galilee Energy's Zydeco-1 well targets up to 13.7 Bcf of gas and 610,000 barrels of condensate.

Galilee Energy anticipates successful drilling operations and potential hydrocarbon discovery in the Zydeco-1 well, marking the beginning of its US Gulf Coast drilling campaign.