Companies / GLL

GALILEE ENERGY LIMITED

ASX:GLLEnergy
1.81B shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$10.9Mmarket cap · indicative
D
Dilution grade

Share count grew 433% in 24 months; 3 cash raises in 24 months; options/rights overhang 36% of shares

Cash runway4.4 quarters of funding
Share-count growth (24m)433.1%
Raise cadence (24m)3 cash raises
Options & rights overhang35.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

GALILEE ENERGY LIMITED's ordinary share count rose 433.1% between February 2024 and February 2026 to 1.81B shares. The company raised capital three times in that period for total proceeds of A$8.4M, most recently A$6.4M in November 2025. Options and rights on issue could convert into 642M new shares, equal to 35.5% of the current share count; none are in the money at present and the nearest expiry is January 2029. At the March 2026 quarter the company reported A$5.1M in available cash, covering 4.4 quarters at the recent burn rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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35.5%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
4.4 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.81B per ASX (delayed) (28 July 2026).
1.807B1.809B1.810BFeb 26Apr 26July 26

Cash runway

4.4 qtrs
More than four quarters of funding at the recent spend rate.
$5.1M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
24 June 20263G · unquotedGLL : ORDINARY FULLY PAID1.81BAppendix 3G
24 Mar 20263G · unquotedORDINARY FULLY PAID1.81BAppendix 3G
19 Feb 20262A · quoted issueGLL : ORDINARY FULLY PAID1.81BAppendix 2A
12 Feb 20263H · cancellationGLL : ORDINARY FULLY PAID1.81BAppendix 3H
6 Feb 20262A · quoted issueGLL : ORDINARY FULLY PAID1.81BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

3 cash raises in the last 24 months · 1 in the last 12 months

$6.4M
Capital raise
25 Nov 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

35.5%
Total overhang · of current shares
0.0%
In the money · at current price
642.3M
Potential new shares
Jan 2029
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
3 Feb 2026Eduardo RobainaOther1.0M——3Y notice
3 Feb 2026Dale HannaOther24.0M——3Y notice
3 Feb 2026Joseph GrahamOther24.0M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

26 July 2026$PTrading Halt
19 July 2026$PZydeco-1 on track, delivering strong gas shows
1 July 2026$PZydeco-1 Well Spudded, Gulf Coast Drilling Underway
29 June 2026$PZydeco-1 Derrick Raised for Transformative Gulf Coast Well
24 June 2026Notification regarding unquoted securities - GLL
23 June 2026$PZydeco-1 Pad Complete ahead of Prospective Gas Drilling
15 June 2026$PInvestor Webinar - 18 June 2026
14 June 2026$PSite Preparation Commences ahead of Zydeco-1 Drilling
17 May 2026$PZydeco-1 Drilling Rig Contract Executed, Drilling Imminent
28 Apr 2026$PQuarterly Cash Flow Report - March 2026
28 Apr 2026$PQuarterly Activities Report - March 2026
13 Apr 2026$PZydeco-1 Well Finalised and Advances Toward Drill Readiness
30 Mar 2026$PUS Advisory Board Appointed to Execute US O&G Strategy
24 Mar 2026Notification regarding unquoted securities - GLL
23 Mar 2026Proposed issue of securities - GLL
15 Mar 2026$PZydeco-1 Well Location Finalised Post Drilling Review
10 Mar 2026Change in substantial holding
9 Mar 2026$PZydeco-1 Well Drill Ready Following Enhanced 3D Seismic
3 Mar 2026Change of Company Secretary
3 Mar 2026Half Yearly Report and Accounts

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.