Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Galilee Energy Limited ( (AU:GLL) ) just unveiled an update.
Galilee Energy Limited has approved an increase in remuneration for its CEO and Managing Director, Joseph Graham, with updated employment terms effective from 1 January 2026, including a revised fixed salary package and new short-term incentive payments tied to key operational milestones at the Zydeco Gas Project, such as securing a rig contract and safely drilling the Zydeco-1 well to target depth within budget parameters. The company has also changed its registered office and principal place of business to new premises in Subiaco, Western Australia, signalling an administrative refresh as it aligns executive incentives with execution risk and progress on its cornerstone US gas development, a critical driver for future growth and value for shareholders.
The most recent analyst rating on (AU:GLL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Galilee Energy Limited stock, see the AU:GLL Stock Forecast page.
More about Galilee Energy Limited
Galilee Energy Limited is an oil and gas company aiming to become a mid-tier US gas producer through development of its Zydeco Gas Project in Louisiana, while in Australia it holds 100% of one of the largest uncontracted natural gas resources on the east coast, the Glenaras Gas Project in Queensland’s Galilee Basin.
Average Trading Volume: 1,142,323
Technical Sentiment Signal: Sell
Current Market Cap: A$6.29M
Learn more about GLL stock on TipRanks’ Stock Analysis page.