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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Galilee Energy Limited    GLL   AU000000GLL4

GALILEE ENERGY LIMITED

(GLL)
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Galilee Energy : Board Appointment     17 September 2020

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09/17/2020 | 02:40am EDT

ASX/MEDIA ANNOUNCEMENT

_____________________________________________________________

Galilee Energy Board Appointment

17 September 2020

Galilee Energy Limited (ASX:GLL) ("Galilee") is pleased to announce the appointment of Non- Executive Director, Mr Greg Columbus, who joins the Board effective today.

Greg has over 30 years of experience in the oil, gas and energy sectors working throughout China, India, Australia and New Zealand, and for the last 17 years has had deep involvement in the coal seam gas (CSG) industry.

Greg is currently Non-Executive Director and Chairman of Warrego Energy (ASX:WGO) who are in advanced stages of the appraisal program for the West Erregulla asset in the Perth Basin in Western Australia. He is also the Managing Director and a Main Board Director for Clarke Energy Group (A Kohler Company) for the past 18 years. Clarke Energy are a privately owned, multinational power solutions company specialising in the engineering, installation and maintenance of power plants and gas compression stations, operating in 28 countries.

Greg has been responsible for the dynamic growth of the Australasian business for Clarke Energy from its early inception through to a business that today generates revenue in excess of $150 million per annum.

Greg brings a strong strategic and commercial vision along with vast experience on a number of large-scale M&A transactions. Having a unique combination of Electrical and Mechanical Engineering diplomas, Greg rounded this out with the completion of his MBA at The University of South Australia.

Galilee Chairman, Ray Shorrocks commented "This is a really important appointment for Galilee as we make the transition from an exploration company to a developer and supplier of gas into the east coast gas market. Greg is a proven deal maker and has had significant exposure across the CSG value chain, with a consistent track record of rapidly growing each business he has been involved with."

Greg Columbus will be appointed as a member of the Audit Committee reflecting his status as an independent Non-Executive Director.

The entire Board welcomes Greg to Galilee Energy as a Non-Executive Director.

ASX/MEDIA ANNOUNCEMENT

Other information contact:

Ray Shorrocks Chairman

Galilee Energy Limited +61 (0) 7 3177 9970

ACN:064 957 419

About Galilee

Galilee Energy is focused on creating a mid-tier exploration and production company building on its core strengths in coal seam gas appraisal and development. Its primary area of focus is Queensland where it is appraising the Galilee and Surat Basins, exploring in the Bowen Basin, whilst also looking to add further high quality acreage to its portfolio.

Directors

Chairman - Ray Shorrocks

Managing Director - Peter Lansom

Non-Executive Director - Dr David King

Non-Executive Director - Stephen Kelemen

Non-Executive Director - Gordon Grieve

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Galilee Energy Limited published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 06:39:05 UTC

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Financials
Sales 2021 1,00 M 0,72 M 0,72 M
Net income 2021 - - -
Net cash 2021 1,00 M 0,72 M 0,72 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 202 M 145 M 145 M
EV / Sales 2021 201x
EV / Sales 2022 114x
Nbr of Employees -
Free-Float 60,1%
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Mean consensus BUY
Number of Analysts 1
Average target price 0,83 AUD
Last Close Price 0,75 AUD
Spread / Highest target 11,4%
Spread / Average Target 11,4%
Spread / Lowest Target 11,4%
EPS Revisions
Managers
NameTitle
Peter Barry Lansom Managing Director & Director
Raymond John Shorrocks Non-Executive Chairman
Gerard Ryan General Manager-Operations
Milton Cooper Chief Financial Officer
David William King Non-Executive Director
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