Galaxy Energy Corporation
|
1331 17th St., Ste. 1050 Denver, CO 80202 CO Tel. 303-293-2300 Fax 303-293-2417 |
Type: Public
On the web:
http://www.galaxyenergy.com
It's not Carl Sagan's "billions and billions of stars" that Galaxy Energy Corporation is looking for, but a few stellar finds in the oil and gas exploration and production business. The company focuses on acquiring and developing coalbed methane and other natural gas properties in Montana, Texas, and Wyoming. In 2005 Galaxy Energy acquired 60% of a parcel of 4,000 undeveloped acres in the Piceance Basin in Colorado. In 2006 Galaxy Energy reported estimated proved reserves of 1 billion cu. ft. of natural gas and 320 barrels of oil. CEO Marc Bruner owns 14% of the company through his stake in PetroHunter Energy. In 2007 Galaxy Energy agreed to sell its Powder River Basin assets to PetroHunter Energy.
Key numbers for fiscal year ending November, 2007:
Sales: $0.5M
One year growth: (62.2%)
Net income: ($20.0)M
Officers:
President, CEO, and Director: Marc E. Bruner
COO and Director: Cecil D. Gritz
Interim CFO, Interim Secretary, and Interim Treasurer: Oil & Gas Exploration & Production
Competitors:
American Oil & Gas
Gastar Exploration
Pioneer Oil and Gas
