GALE FORCE PETROLEUM RADWAY WELLS ON PRODUCTION
20080826_radway-production_vfinal-enMontreal, August 26, 2008 – Gale Force Petroleum Inc. (TSX-V: GFP, the “Corporation”), announced today that production has commenced from wells near Radway, Alberta, in which it holds an average 23.75% working interest before payout. Three of four wells have been put on production, with the fourth well expected to be tied in and on production by September, 2008.
Aggregate gross initial production rates including the fourth well are expected to be approximately 2000 MCF per day, with aggregate gross production from the four wells declining to stabilize at approximately 1350 MCF per day after several months of production before the normal hyperbolic decline commences.
“Given the pending sale of our Manitoban properties, the timing is perfect for replacement production coming from the Radway properties,” said Michael McLellan, President and Chief Executive Officer. “We also expect additional production to be coming online shortly from our Kentucky Property”.
ABOUT GALE FORCE PETROLEUM INC. ? www.GaleForcePetroleum.com
Gale Force Petroleum is a public oil and gas corporation focused on acquiring and developing oil and gas properties in North America, building shareholder value through growth.
For more information, please contact:
Gale Force Petroleum Inc.
Michael McLellan, President and CEO, +1.514.333.9292
Forward looking statements:
Statements included herein, including those that express management’s expectations or estimates of our future performance, constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements – especially but not limited to any geological or reservoir information not supported by a NI 51-101 report – are based on assumptions and estimates that are subject to various risks and uncertainties including but not limited to geological risk, engineering risks, market risk and the risks disclosed under the heading “Business Risks” in the Corporation’s periodic filings with Canadian securities regulators, including most recently in its Management Discussion and Analysis for the exercise ended June 30, 2007 available on SEDAR. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statements.
“The TSX Venture Exchange has not reviewed this release and therefore does not accept responsibility for its adequacy or accuracy.”
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