Dallas, April 11, 2012 – Gale Force Petroleum Inc. (TSXV: GFP, OTCQX: GFPMF) (“Gale Force” or the “Company”) announced today that it has closed the purchase of the Texas Reef Properties, hitting another milestone in its aggressive plan to grow rapidly through the acquisition of underdeveloped proved reserves. To finance the transaction and provide sufficient [...]

Dallas, March 8, 2012 – Gale Force Petroleum Inc. (TSXV: GFP, OTCQX: GFPMF) (“Gale Force” or the “Company”) released its financial reports for the interim periods ended December 31, 2011.  The Company also announced that it has signed agreements to acquire greater interests in the Texas Reef Properties.  The Company then provided an update on [...]

Dallas, February 13, 2012 – Gale Force Petroleum Inc. (TSXV: GFP, OTCQX: GFPMF) (“Gale Force” or the “Company”) announced today that it has entered into agreements to purchase oil and gas properties and assets in East Texas (the “Texas Reef Properties”) on or before March 23, 2012.  Gale Force also announced today that it has [...]

Dallas, January 31, 2012 – Gale Force Petroleum Inc. (TSXV: GFP, OTCQX: GFPMF) (“Gale Force” or the “Company”) announced today that it has purchased non-operated interests in the liquids-rich Marcellus shale gas field in Wetzel and Marshall Counties, West Virginia (the “Marcellus Properties”). “This is a tremendous opportunity with excellent financial terms for Gale Force [...]

Dallas, January 10, 2012 – Gale Force Petroleum Inc. (TSXV: GFP, OTCQX: GFPMF) (the “Company”) announced today that it exited 2011 with a daily production rate of 275 BOE per day, comprised of 247 barrels of light crude oil per day and 170 MCFs of natural gas per day.  The increases in production attained by [...]

Dallas, December 6, 2011 – Gale Force Petroleum Inc. (TSXV: GFP; OTCQX: GFPMF) (“Gale Force” or the “Company”) announced today that it is now trading on the highest tier of the OTC market, the OTCQX.  The OTC is the world’s largest electronic marketplace for broker-dealers to trade over-the-counter (“OTC”) stocks. Investors will be able to [...]

Dallas, October 19th, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) announced today that it has purchased properties in South Texas (the “Thunder Properties”). “The Thunder Properties have profitable current oil and liquids-rich gas production, very long-life reserves, and up to 7 untapped horizons,” said Michael McLellan, Chairman and CEO.  “This [...]

Dallas, October 18th, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) announced today that it has obtained an increase to $6.1 million in the borrowing base on its $15 million line of credit with Green Bank of Houston, Texas. The line of credit has an interest rate of 5.0% per annum, [...]

Montreal, July 26th, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) today provided an operations update to report interim results from its planned US$2,000,000 development program (the “Development Program”), and announced that it has started production at its Wells Ranch property. Updates and details on the Wells Ranch property are [...]

Montreal, May 5, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) today announced that it has closed a CA$5,000,000 straight equity private placement financing, has made changes to its Board of Directors and hired new technical personnel. Ruben Alba and Charles Marleau have joined the Company’s Board of Directors, and [...]

Montreal, April 19, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) today announced that it has obtained a $300,000 increase in its 60-day interim loan from an arms-length shareholder (the “Bridge Loan”), which now totals $600,000. “As before, the purpose of the Bridge Loan is to ensure the development of [...]

Montreal, March 2, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) today announced that it has purchased additional “floors”, consisting of a series of put options, for 1000 barrels per month of crude oil at US$70.00 per barrel, for 13 months, from July 2011 to August 2012.  These hedges cost [...]

Montreal, March 1, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) today announced that it has obtained a 60-day interim loan of $300,000 from an arms-length shareholder, which earns interest of 1.25% per month (the “Bridge Loan”). “The purpose of the Bridge Loan is to ensure the development of our [...]

Montreal, February 22, 2011 – Gale Force Petroleum Inc. (TSXV: GFP) (“Gale Force” or the “Company”) today announced that it has engaged Investor Cubed Inc. (”Investor Cubed”) to provide investor relations and shareholder communications services (the “Engagement”). In connection with the Engagement, Investor Cubed has been awarded a consulting contract paying $5,000 per month. The [...]

Montreal, February 17, 2011 – Gale Force Petroleum Inc. (TSX Venture: GFP) (“Gale Force” or the “Company”) announced that all resolutions proposed at the Annual and Special Meeting of its Shareholders held today were approved. The Company also announced that it has appointed Emery Johnson as its new Interim Chief Operating Officer. John Trosclair, P.E., [...]

Dallas, Texas, February 4, 2011 – Gale Force Petroleum Inc. (TSX Venture: GFP) (“Gale Force” or the “Company”) today announced that it has nominated Robert Johnson to its Board of Directors. “Mr. Johnson brings more than 15 years of experience in venture finance and the junior oil and gas industry,” said Michael McLellan, Chairman and [...]

Dallas, Texas, February 2, 2011 – Gale Force Petroleum Inc. (TSX Venture: GFP) (“Gale Force” or the “Company”) today announced that it has concluded the purchase of producing oil properties in East Texas (the “Colgate Properties”). The Colgate Properties are located within 5 miles of the Company’s existing properties in East Texas and consist of [...]

Montreal, Quebec, February 1, 2011 – Gale Force Petroleum Inc. (TSX Venture: GFP) (the “Company”) today announced that it has concluded a private placement financing for gross proceeds of CA$1,080,302, through the issuance of 3,601,008 units (“Units”) at $0.30 per Unit.  Each Unit is comprised of one common share of the Company and one common [...]

Montreal, December 30, 2010 – Gale Force Petroleum Inc. (TSX Venture: GFP, the “Company”) today announced that its option to purchase the Colgate Properties has been extended to January 31, 2010, and it expects to conclude the purchase by the end of January, 2011. The Company has also received approval from its bank, Green Bank, [...]

Montreal, November 29, 2010 – Gale Force Petroleum Inc. (TSX Venture: GFP, the “Company”) today announced that it has signed a letter of intent to purchase interests in properties in East Texas (the “Colgate Properties”). The Colgate Properties are located within 5 miles of the Company’s existing properties in East Texas and consist of mainly [...]