Galilee Energy Ltd. provided the following production operations update on the Glenaras multi well pilot ("Pilot"). The remedial operations programme for Glenaras 27 and Glenaras 28 has now commenced. The rig crew mobilized to site at the beginning of the week and work is underway setting up on Glenaras 27 (Figure 1).

The primary aim of the programme is to ensure that the lower Aramac sands are isolated and are not contributing to water production. As mentioned in ASX release dated 1 February 2023, water chemistry and recent production trends indicate that crossflow between the Aramac sands and the Betts Creek section appears to be occurring in these wells and is potentially the reason why it has taken longer for predicted gas trends to materialize. The current programme has been aggressively pursued following the success of an identical remedial operation at Glenaras 26 which was successful in isolating water contribution from the Aramac sands, resulting in gas desorption for the first time at this location.

Glenaras 26 is currently flowing at approximately 50 Mscfd and 2,700 BWPD. Notably this well is an outer shield well and as such is a portent of things to come for the inner vertical and lateral wells with continued pumping and pressure decline.