09:58 AM EST - Galileo Petroleum Ltd. : Has engaged a consultant to investigate a new area of business focused on the use of the mineral zeolite in environmentally friendly products as outlined below in more detail. Galileo's oil and gas operations have been difficult with recent declines in the price of oil and, while Galileo still owns its oil and gas assets, management believes that the zeolite opportunity may be a better opportunity for its shareholders. Galileo Petroleum Ltd.
shares V.GPL are trading unchanged at $0.05.
