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Cabo Drilling Awarded Contract Renewal by Galway Resources Ltd.; Shares Steady at 14 cents

Cabo Drilling Corp. (CBE.V) said Tuesday that Cabo Drilling Panama-Pacifico Corp. has renewed its current contract with Galway Resources (GWY.V) for an additional 20,000 meters of drilling on Galway's project in the California Gold District of Colombia.

The company said it will continue to operate two Hydracore 2000 man portable drills at Galway's California Gold District project. Hydracore 2000 drills are ideal for servicing mountainous areas that are otherwise inaccessible for diamond core drilling.

CBE shares are now steady at 14 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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