Neues Bergland - Germany
Gas Project

Through its wholly owned subsidiary, Pannonian International, Galaxy has a 30% working interest in the 149,000-acre Neues Bergland Exploration Permit near Kusel, Germany, approximately 75km east of Luxembourg and west/south west of Frankfurt. The area is located within the Saar-Lorraine Basin, in the state of Rheinland Pfalz, a coal rich region of Germany. The Permit covers an area of 605 square kilometers and contains a convex fold structure known as the Pfalzer Anticline that is approximately 40km long and 18km wide, containing deep coal beds.

Of particular relevance to the Pfalzer Anticline is the contiguous, larger and geologically similar Saar Anticline. The Saar Anticline is located south west of the Pfalzer Anticline. Both structures were created by wrench faulting and contain multiple thrust faults. The permit area sits between the coal beds of the Saar Anticline and the major industrial corridor running from Dusseldorf, through Frankfurt to Stuttgart and Munich.

Galaxy is the operator of a four company joint venture group for the first three wells drilled in Phase One and Two. The first well (Glantal-1) was drilled on the property in late January 2006 and based on the results of this well, the group has commenced a detailed analysis to identify priority zones for further development. Four initial zones have been chosen as priorities for testing operations.

Click Here for Partner's May 2006 Update

Click Here for Partner's March 2006 Update

Click Here for Partner's January 2006 Update