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October 09, 2015 6:20 PM 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 19, 2015, Gale Force Petroleum Inc. operates as a subsidiary of Montana Exploration Corp.

100 King Street West

Suite 5700

Toronto, ON M5X 1C7






Key Executives for Gale Force Petroleum Inc.

Chief Executive Officer, Director and Member of Audit Committee
Age: 37
Chief Financial Officer
Chief Technical Officer and Head of Engineering
Age: 41
Compensation as of Fiscal Year 2015.

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.

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