Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the “Company” or “Gale Force”) today announced that it has concluded the sale of its Oklahoma Properties for $650,000, as part of a total $6.5 million property sales transaction, previously announced on March 15, 2013.
Category : Stocks
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 capital to pursue its low-risk development plans that are expected to triple production year-over-year in 2012, the Company closed a $4,210,750 private placement equity financing and obtained an increase in the borrowing base of its bank line of credit to $10,000,000.
Category : Stocks, World News
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 capital to pursue its low-risk development plans that are expected to triple production year-over-year in 2012, the Company closed a $4,210,750 private placement equity financing and obtained an increase in the borrowing base of its bank line of credit to $10,000,000.
Category : Stocks
Category : Stocks
