11:52 AM EST - Galleon Energy Inc. : noted that, after a review of the extensive depth of its 1,000 well prospect inventory, the spending required to advance these projects and its cost of capital, among other matters, its board has initiated a process to identify and consider strategic alternatives with a view to enhancing shareholder value. Moreover, the company reported a full-year loss of $0.43 compared with a profit of $1.10 in the previous year. Revenue for the full year 2009 dropped to $177.05 million from $366.82 million last year. Galleon Energy Inc.
shares T.GO are trading down $0.65 at $7.58.
