Galaxy Energy Acquires Additional CBM Interests in Wyoming

Galaxy Energy's subsidiary Dolphin Energy has acquired various working interests in approximately 27,900 net acres adjacent to and in the vicinity of its Leiter Estate, Horse Hill, Buffalo Run East, and Pipeline Ridge properties in Sheridan County, Wyoming. The acquisition price for these new interests was $739,550.

"This acquisition is part of our current plan to acquire properties with development potential in our core areas of activity in the Powder River Basin," said Marc Bruner, Galaxy Energy's chief executive officer. "We look forward to developing this property as part of our drilling and development activities during the next 6 to 12 months."