Galilee Energy: Signs MoU with Oil India

Galilee Energy Signs MoU with Oil India

• Galilee Energy (GLL) signs a memorandum of understanding (MoU) with Oil India to explore collaboration possibilities in potential coal seam gas assets
• Oil India is a central public sector enterprise of the Indian government
• The MoU will serve as a stepping stone towards a potential formal partnership between the two companies
• Galilee says the early-stage business deal gives it the opportunity to gain a foothold in one of the world’s fastest-growing economies
• Shares in Galilee are up 1.85 per cent to 27.5 cents at 12:35 pm AEDT