Galloway Signs Agreement With Swiss Corp. to Review Oil and Gas Projects
Galloway Energy Inc. announces that the Company has signed an engagement agreement with Dominus Energy AG, a Swiss Corporation whereby Dominus will assist Galloway in the introduction of the Company to worldwide opportunities in the oil and gas sector and energy market.
Dominus owns private interests in various oil and natural gas plays worldwide. It is the intention of Galloway to review certain projects with the aim of acquiring working interest participation in natural gas plays principally located in North America. The Company believes that natural gas is the future of energy and that the domestic U.S. market should be the focus of ongoing operations. The aim is to become a “near-term” producer with sustainable cash flow.
Galloway President Shane Lowry states, “We are pleased to have a proven energy development group such as Dominus Energy AG affiliated with Galloway and are excited by the prospects that we are being presented. We believe natural gas will be the strongest component of the energy sector for the foreseeable future.”
The Company will announce details of the proposed gas projects shortly.