Post by
sammy67 on May 26, 2011 1:11pm
Update from Galena.
Hey guys, I have e-mailed the company with regards to there Matagorda Bay project, as well as there LOI with Imperial Petroleum and here is there response back to me:
I apologize for taking so long in responding to your inquiries.
Galena updates at the moment are as follows:
Matagorda Bay:
The rig is due to begin moving onto the site in the next few days – once on site South Bay Resources (the Operator) expects to commence on-site operations immediately targeting the completion of the Bol Mex zone. We expect to have results available for public dissemination within the next two weeks.
Oil Sands:
While Imperial has released news that the tests were successful the independent due diligence team hired by Galena has not submitted their final report to management yet which will include a comprehensive engineering examination as well as detailed lab analysis of the products resulting from the oil recovery process. We expect to have these results in short order when we will update the market.
We appreciate your interest in Galena and if you have any inquiries at all please do not hesitate to contact me.
Best Regards,
Michael Leahy
VP of Communications
Galena Capital Corp.
Sammy.
Comment by
Kings_kid on May 26, 2011 2:52pm
Thanks for the Post Sammy, it will be nice to get an update from the company in the next couple weeks!