X0201 4 2004-03-02 1 0001132784 GALAXY ENERGY CORP GAXI 0001211708 FAILS THOMAS G 4101 E LOUISIANA AVE STE 412 DENVER CO 80246 0 0 0 1 Former director Common Stock 359679 D Mr. Fails resigned as a director of the Issuer effective March 2, 2004. Thomas G. Fails 2004-03-02