GALE FORCE PETROLEUM ADDS EXPERIENCE TO OPERATIONS AND MANAGEMENT
2008_07_24_gfp-adds-experience_vfinalMontreal, July 24, 2008 – Gale Force Petroleum Inc. (TSX-V: GFP, the “Corporation”) announced today that it has added experienced personnel to management and operations. Gale Force Petroleum will be the Operator of the recently acquired Kentucky Shale Gas Property, and has assembled a team of industry experts in unconventional gas exploration and development.
To manage field operations, the Corporation has contracted ColMac Inc., led by Orville Cole. Mr. Cole will be General Manager, Field Operations. He has successfully managed the development of two junior oil and gas companies and has over 20 years experience managing completions with Halliburton Energy Services.
Recently, Mr. Cole has overseen the successful completion of a number of shale gas wells in New York State and in the St-Lawrence basin of Quebec. Mr. Cole’s team at ColMac includes skilled operators, geologists and field engineers, who in combination have over 75 years experience successfully operating and developing conventional and unconventional oil and gas fields. ColMac has been provided with incentives based on production and payout on capital investment.
“I am pleased to have such experienced and talented people joining in the Corporation.” said Michael McLellan, President and Chief Executive Officer of the Corporation. “I am positive that each of Messrs. Bourgeois and Cole will be instrumental in continuing the rapid turnaround and growth of the Corporation for the benefit of its shareholders.”
The Corporation has also issued options to purchase 100,000 common shares of the Corporation at a price of $0.50, which expire on July 22, 2013. The issuance of the options is subject to the approval of the TSX Venture Exchange.
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
“The TSX Venture Exchange has not reviewed this release and therefore does not accept responsibility for its adequacy or accuracy.”