Gale Force Petroleum Inc. is exploring highly attractive target for acquisition or merger. Michael McLellan, Co-chairman and Chief Executive Officer said, "Gale Force is also now a highly attractive target for acquisition or merger, and we will be exploring various strategic transaction options that will revalue the company in the market."

Gale Force Petroleum Inc. (TSXV:GFP) is seeking to review transaction options to re-value the Company in the market. Gale Force said its strategy to create value for shareholders that was outlined at the end of 2012, the Company will also now be actively seeking strategic partners for investment, merger, acquisition, or business combination that will allow it to either restart accretive growth or re-value the company in the market. Michael McLellan, Co-Chairman and Chief Executive Officer of Gale Force, said, "Gale Force is also now a highly attractive target for acquisition or merger, and we will be exploring various strategic transaction options that will re-value the Company in the market."

Gale Force Petroleum Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported total revenue of $1,549,630 compared to $997,181 a year ago. Net income before income taxes was $127,098 compared to net loss before income taxes of $167,565 a year ago. Net income and comprehensive income was $127,098 or $0.0014 per diluted share compared to net loss and comprehensive loss of $167,565 or $0.0035 per diluted share a year ago. Net cash used in operating activities was $581,270 compared to $473,993 a year ago. Additions to property and equipment were $2,023,910 compared to $1,694,263 a year ago. For the six months, the company reported total revenue of $3,070,701 compared to $1,918,268 a year ago. Net income before income taxes was $262,125 compared to $75,128 a year ago. Net income and comprehensive income was $262,125 or $0.0030 per diluted share compared to $75,128 or $0.0016 per diluted share a year ago. Net cash provided by operating activities was $38,074 compared to net cash used in operating activities of $257,061 a year ago. Additions to property and equipment were $4,880,870 compared to $3,173,704 a year ago.