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Published on 12/16/2008 in the Prospect News Distressed Debt Daily.

Galaxy Energy reports $277,579 November operating loss

By Jennifer Lanning Drey

Portland, Ore., Dec. 16 - Galaxy Energy Corp. reported a $277,579 operating loss for November on zero revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Colorado.

The net loss for November was $384,120.

Cash on Nov. 30 was negative $17,980.

Galaxy, a Denver-based independent oil and gas company, filed for bankruptcy on March 14. Its Chapter 11 case number is 08-13164.


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