Galilee Energy to Commence Sidetrack Testing for Oil Targets
Key points
- Sidetrack operations at Zydeco Oil & Gas Project to begin on September 28, 2026
- Five shallow oil targets identified for evaluation
- Program fully funded by recent A$3.5 million placement
Full summary
Galilee Energy Limited announced that sidetrack operations at its 100%-owned Zydeco Oil & Gas Project in Louisiana are scheduled to commence on Monday, 28 September 2026. The sidetrack will focus on five prospective shallow oil zones identified from the original Zydeco-1 well: Borsum, Richie, Discorbis gravelli, First Het, and Homeseeker B. The program is designed to evaluate these targets while preserving the sidetrack as a potential oil production well. The sidetrack and oil testing program is fully funded from Galilee's recent A$3.5 million placement, with no additional funding anticipated for this program.
Summary generated by a large language model. Please interpret with care.