gale force petroleum inc (GFP:Venture)
Transactions by GALE FORCE PETROLEUM INC (GFP) in the last 6 months
Gale Force Petroleum Inc. (TSXV:GFP) entered into an agreement to sell its 50% working interest in the Thunder Properties in South Texas for CAD 0.55 million on August 18, 2014. According to the terms of the agreement, Gale Force will receive CAD 0.55 million in cash. Gale Force will also reduce amount of CAD 0.50 million owing to it under the note receivable that is secured by the Thunder Properties. Thunder Properties sale is scheduled to close on or about August 27, ...
An unknown buyer entered into an agreement to acquire 81% interest in Texas Reef Properties and 90% interest in a 4-mile natural gas gathering system from Gale Force Petroleum Inc. (TSXV:GFP) for $5.9 million on July 24, 2014. Upon completion of the transaction, Gale Force Petroleum will retain 12% working interest plus a 3% overriding royalty interest in Texas Reef Properties and buyer will become the operator of the existing and future wells throughout the Texas Reef ...
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