Galilee Energy Redesigns Zydeco-1 Sidetrack to Target Shallow Oil Zones

Galilee Energy Limited (ASX:GLL) has redesigned its Zydeco-1 sidetrack at the fully owned Zydeco Oil and Gas Project in Louisiana, focusing on five promising shallow oil zones. The company's recent A$3.5 million capital raising has fully financed this initiative.

The five shallow oil formations, Borsum, Richie, Discorbis gravelli, First Het, and Homeseeker B, combine for an unrisked gross Prospective Oil Resource of 422.6 kbbl (3U). The sidetrack is now designed as a potential oil production well, with the Stafford and Tweedel gas-condensate targets to be pursued through a separate future well.

The oil-focused sidetrack and testing program are funded entirely by the recent A$3.5 million placement, requiring no additional capital. The shallow oil zones were identified and quantified using original-hole LWD data combined with seismic and offset-well interpretations.