Galilee Energy

What Galilee Energy does

Galilee Energy Limited is an ASX-listed (ASX: GLL) Australian oil and gas exploration and development company headquartered in Subiaco, Western Australia, with a secondary management office in Brisbane and field operations in Queensland (Australia) and Louisiana (USA). The company holds 100% equity and operatorship of two core assets: the Glenaras Gas Project in ATP 2019 in Queensland's Galilee Basin, a coal seam gas (CSG) development with an independently certified 3C Contingent Resource of 5,314 PJ built on an integrated horizontal-and-vertical multi-well pilot design that dewaters and depressurises the Betts Creek Beds coal seams; and the Zydeco Gas Project in Acadia Parish, Louisiana, a drill-ready, discovered gas and condensate field acquired in 2025 with 325.3 acres of mineral leases and existing infrastructure including a 1.6 km gas spur line to the Texas Gas Pipeline.

The company's business model is the monetisation of gas and condensate production once wells are brought online. At Zydeco, first production is targeted for Q3 2026 with project economics of A$7.4m development capex, A$9.2m Year-1 EBITDA, A$7.5m Year-1 net cash flow, 12-month payback and A$18.8m NPV10 under conservative assumptions; revenues are intended to self-fund subsequent drilling phases (including Zydeco East) and broader US growth opportunities. Glenaras is positioned to supply both the tight Australian east coast domestic market and the LNG export market via Gladstone, supported by an MoU with APA Group for pipeline tie-in. Distribution is direct through pipeline interconnection, with no offtake customers or pricing disclosed. As of the input period the company is pre-revenue, runs minimal headcount (1-10), and is funding development via a December 2025 ASX placement and associated Options Prospectus.

Galilee Energy's go-to-market is investor- and asset-development-led rather than sales-led in the traditional sense: communication with the market runs through ASX announcements, investor presentations, broker reports (Taylor Collison, Canaccord Genuity, Blue Ocean Equities, Patersons Securities), and periodic financial reports. A secondary, nascent revenue stream is irrigated agriculture (sorghum, barley, oats) using produced CSG water at Glenaras over ~70 ha, alongside a Heads of Agreement with the Sunshot Barcaldine Renewable Energy Zone for silvicultural carbon abatement trials, both of which point to a broader integrated-energy positioning rather than pure upstream gas.

Name

Galilee Energy

Legal name

Galilee Energy Limited

Website

https://galilee-energy.com.au

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Galilee Energy is an ASX-listed (GLL) Australian oil and gas explorer developing two assets: the Glenaras coal seam gas project in Queensland (5,314 PJ 3C Contingent Resource) and the recently acquired Zydeco gas and condensate project in Louisiana, targeting first production in Q3 2026.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Pipeline Transportation of Natural Gas (4862), Natural Gas Distribution (221210)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmission (4922), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Coalbed Methane (CBM) / Coal Seam Gas (CSG) (EUAAAAAD)

akta.pro secondary industries

Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling) (EUAAACAL), C&I Retail Natural Gas Supply (EUAGACAB), Coalbed Methane & Coal Mine Methane (Degasification, Capture) (IMAKAIAL)

Keywords

• Oil and gas exploration
• Coal seam gas production
• Natural gas extraction
• Upstream energy development
• Gas and condensate production

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel

Revenue model

1. Gas and Condensate Production: The company generates revenue through gas and condensate production from the Zydeco Gas Project in Louisiana, USA. First production targeted for Q3 2026 with expected self-funding capabilities. Additional revenue streams from the Glenaras Gas Project upon commerciality establishment.
2. Agriculture/Irrigation Revenue: Incremental revenue stream from irrigated crops (sorghum, barley, oats) utilizing produced water from CSG operations. High-yield crops successfully grown and harvested over multiple growth cycles provide genuine additional revenue to gas sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Galilee Energy is an oil and gas exploration and development company operating two core assets: the Zydeco Gas Project, a drill-ready gas and condensate field in Louisiana, USA targeting first production and cashflow by Q3 2026, and the Glenaras Gas Project, a coal seam gas development in Queensland, Australia with a 3C Contingent Resource of 5,314 PJ. The company sells gas and condensate production through pipeline infrastructure to domestic and LNG export energy markets.

Product overview

Galilee Energy is building a multi-TCF fully integrated energy company focused on gas exploration and production. The company operates two core projects: the Zydeco Gas Project (a drill-ready discovered gas and condensate field in Louisiana, USA acquired as a transformative undertaking) and the Glenaras Gas Project (a coal seam gas development in the Galilee Basin, Queensland with 5,314 PJ of 3C Contingent Resource). The Zydeco project provides near-term cashflow generation expected in 2026, while Glenaras represents the company's longer-term growth platform in Australia's eastern gas market.

Differentiator

Problem solved

Functional benefit

Brands

• GLL: ASX ticker code for Galilee Energy Limited

Products and services

• Zydeco Gas Project A drill-ready, discovered low-risk gas and condensate field located in Acadia Parish, Louisiana, USA. The project has 325.3 acres of mineral leases secured, an existing 1.6km gas spur line to the Texas Gas Pipeline, condensate stripping and truck loading facilities, full 3D seismic coverage with appraisal and near-field exploration wells drill-ready, and targets first production and cashflow by Q3 2026. Project economics include Project NPV10 of A$18.8m, 12-month payback, Year 1 EBITDA of A$9.2m, and Year 1 net cash flow of A$7.5m under conservative assumptions.
• Glenaras Gas Project A coal seam gas project located in ATP 2019 in the central reaches of the Galilee Basin in central Queensland, Australia, with an independently certified 3C Contingent Resource of 5,314 PJ. The project uses the proprietary Glenaras Multi-Well Pilot Design integrating horizontal and vertical wells to dewater and depressurise the coal seams of the Betts Creek Beds, and integrates gas production with sustainable agriculture operations using CSG produced water for irrigation of sorghum, barley, and oats across approximately 70 hectares.

Quantifiable outcome

• Project NPV 10: A$18.8m for Zydeco Project
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• APA GroupcoreStrategic or Co-development Partner · 19 September 2022Non-binding Memorandum of Understanding with Australia's largest pipeline builder. APA Group may undertake construction of an adequately sized pipeline to export future gas production from Glenaras, tying directly into the South West Queensland Pipeline at Cooladdi (approximately 420km south). This agreement supports commercialization of the project and provides increased confidence that success at the Glenaras Multi-Well Project will be rapidly followed by securing gas sales agreements.
• Sunshot Barcaldine Renewable Energy Zone (BREZ)minorStrategic or Co-development PartnerHeads of Agreement may provide proofs of concept for larger-scale carbon abatement initiatives, via trials to see if the produced water at Glenaras can support a silvicultural trial that identifies the best suited tree species for use as plantation biomass and soil-based carbon dioxide sequestration.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Senex Energy: Australian-focused coal seam gas and natural gas producer operating Surat and Bowen Basin assets. Closely comparable to Galilee Energy's Glenaras CSG development model and east coast gas market orientation.
• Comet Ridge Limited: ASX-listed gas explorer focused on unconventional and conventional gas resources in Queensland and New Zealand, including Mahalo and Gunn CSG projects. Directly comparable as an Australian CSG-focused small-cap explorer.
• Empire Energy Group: ASX-listed oil and gas exploration and production company with assets in the Northern Territory (Beetaloo Basin) and US Appalachia. Comparable pre-revenue to early-cashflow small-cap explorer profile similar to Galilee's pre-Zydeco stage.
• Blue Energy Limited: Australian-focused CSG explorer with acreage in the Galilee and Surat Basins, directly overlapping Galilee's target geology. Closely comparable on resource type, geography, and small-cap exploration profile.

Broad incumbents

• Arrow Energy: Major Australian CSG producer jointly owned by Shell and PetroChina, operating large-scale Surat Basin gas operations. Comparable on CSG technology and east coast gas market focus, but at materially larger scale than Galilee.
• Santos Limited: One of Australia's largest oil and gas producers with significant CSG operations in Queensland (Gladstone LNG) and conventional gas assets. Comparable on resource type and east coast gas supply positioning, but operates as a broad incumbent.
• Origin Energy: Australia's largest integrated energy retailer with substantial upstream CSG production via APLNG joint venture. Comparable on east coast CSG supply and LNG export market exposure at incumbent scale.
• Magnolia Oil & Gas: US Gulf Coast-focused oil and gas producer operating in the Eagle Ford and Austin Chalk regions. Comparable on Gulf Coast gas/condensate production and infrastructure-leveraged growth, but at substantially larger scale.

Regional players

• Burleson Energy: US-focused small-cap oil and gas explorer with Gulf Coast Basin assets in Texas, directly comparable to Galilee's Zydeco Project geography and development profile. Similar pre-revenue exploration stage.

Others

• APA Group: Australia's largest natural gas infrastructure business operating transmission and gathering pipelines including the South West Queensland Pipeline that Galileo intends to tie into. Strategic partner to Galilee Energy and adjacent infrastructure enabler for CSG commercialization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galilee Energy