Galilee Energy Ltd. provided the following drilling update and announced that Silver City Rig 23 has completed the 6th and final well of this year's current programme at the multi-well pilot ("Pilot"). Glenaras 29 was the 6th and final well of the 2022 programme and was drilled to a total depth of 1,039 metres, with all Betts Creek Beds coal seams intersected as prognosed. A total of 27 metres of net coal has been confirmed with excellent gas shows.

Notwithstanding the potential risks around drilling through a depleted reservoir area, this well was successfully completed and marks the end of the drilling component of the overall programme. All existing wells will now be progressively brought back online over the coming weeks with surface facilities work on track for completion by the end of July.