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As of 8:10 PM 09/4/14 All times are local (Market data is delayed by at least 15 minutes).

gale force petroleum inc (GFPMF) Snapshot

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11/1/13 - $0.18
52 Week Low
08/12/14 - $0.04
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gale force petroleum inc (GFPMF) Details

Gale Force Petroleum Inc., together with its subsidiaries, is engaged in the acquisition, exploitation, development, and production of oil and natural gas in the United States. The company owns producing oil and gas properties in Texas, Tennessee, and West Virginia. It has approximately 2,007 thousand barrels of oil equivalent of 2P reserves. The company was formerly known as Rolland Energy Inc. and changed its name to Gale Force Petroleum Inc. in May 2008. Gale Force Petroleum Inc. is based in Toronto, Canada.

Founded in 1983

gale force petroleum inc (GFPMF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$180.0K
Chief Operating Officer
Total Annual Compensation: C$122.0K
Compensation as of Fiscal Year 2013.

gale force petroleum inc (GFPMF) Key Developments

Gale Force Petroleum Inc. Announces Management Changes

Gale Force Petroleum Inc. announced that it has hired Christian M. Snyder as its Chief Technical Officer and Head of Engineering. Mr. Snyder began working with the Company as a consultant in January, and has now joined the Company full-time. The company also announced that Guillaume Dumas, LLB has stepped down from the position of Interim Chief Financial Officer, and Don DeMoss, CPA, has joined the Company as its Chief Financial Officer.

Gale Force Petroleum Inc. Enters into a New Oil Purchase Contract with Lion Oil Trading

Gale Force Petroleum Inc. announced that it has entered into a new oil purchase contract with Lion Oil Trading, pursuant to which the company will receive an average increase of over $5.00 per barrel after taxes -- a 5.7% increase -- from its oil production in East Texas, representing the majority of the company's oil and gas revenues.

Gale Force Petroleum Inc. Issues Short Term Loan

Gale Force Petroleum Inc. announced that it has received the second of two disbursements pursuant to a shortterm loan facility entered into on March 7, 2014, for an aggregate $600,000. The Shortterm Loan has a maximum principal amount of $600,000, matures on August 7, 2014, carries an interest rate of 1.50% per month, and is secured by a firstrank security interest on the company's interests in the Thunder Property and the Marcellus Property.


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