** Shares of Galilee Energy GLL.AX rise 16.7% to A$0.007, set for strongest session since March 11, if current gains hold
** Sustainable energy co announces a technology license agreement with Novus Energy Trading Company
** Says will collaborate with co on technical assessment to identify permeability modifications for improving drainage and production efficiency at Glenaras Gas Project in Queensland, over a four-month period
** Under the agreement, Novus will receive A$300,000 ($188,430) per month in license fees
** GLL more than doubled in value to A$0.012 earlier in the day, their highest level since January 28
** 14.7 mln shares change hands, 11.4x the 30-day average of 1.3 mln
** Stock flat as of YTD, including current session's moves
($1 = 1.5921 Australian dollars)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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