August 27, 2016 5:40 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Gale Force Petroleum Inc.

Company Overview

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. It owns producing oil and gas properties in Texas, Tennessee, and West Virginia. 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. As of September 18, 2015, Gale Force Petroleum Inc. operates as a subsidiary of Montana Exploration Corp.

100 King Street West

Suite 5700

Toronto, ON M5X 1C7

Canada

Phone:

888-440-3411

Fax:

888-398-8856

Key Executives for Gale Force Petroleum Inc.

Chief Executive Officer, Director and Member of Audit Committee
Age: 38
Chief Financial Officer
Chief Technical Officer and Head of Engineering
Advisor
Age: 78
Compensation as of Fiscal Year 2016.

Gale Force Petroleum Inc. Key Developments

Gale Force Petroleum Inc., Special/Extraordinary Shareholders Meeting, Sep 08, 2015

Gale Force Petroleum Inc., Special/Extraordinary Shareholders Meeting, Sep 08, 2015.

Gale Force Announces $320,000.00 Secured Loan

Gale Force Petroleum Inc. announced that it has made a $320,000.00 secured loan to an oil and gas company, with an interest rate of 5% per annum, and a maturity date of June 7, 2015, after which time if the loan is not fully repaid to the Company the interest rate increases to 15% per annum. The loan is secured by a first-ranked mortgage and production assignment on profitable, producing oil and gas assets.

Gale Force Announces Executive Changes

Gale Force Petroleum Inc. announced that it has reorganized its corporate structure to reflect the declining size of its operations, as it continues to execute its plans to sell properties to free-up capital. The company's Chief Operating Officer, Emery Johnson, who is also a large shareholder of the Company, has voluntarily stepped down. Two other company positions have been eliminated recently, and a further two positions have been reduced to half-time, also reflecting the company's now smaller operations.

Similar Private Companies By Industry

Company Name Region
0770728 BC Ltd. Americas
0893624 B.C. Ltd. Americas
101025267 Saskatchewan Ltd Americas
101047025 Saskatchewan Ltd. Americas
1089814 Alberta Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Gale Force Petroleum Inc., please visit www.galeforcepetroleum.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.