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Last C$0.03 CAD
Change Today +0.005 / 20.00%
Volume 997.1K
GFP On Other Exchanges
As of 11:37 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

gale force petroleum inc (GFP) Snapshot

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52 Week High
09/3/14 - C$0.07
52 Week Low
12/2/14 - C$0.01
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Current Stock Chart for GALE FORCE PETROLEUM INC (GFP)

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gale force petroleum inc (GFP) 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. 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.

gale force petroleum inc (GFP) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$180.0K
Chief Financial Officer
Total Annual Compensation: $24.0K
Chief Technical Officer and Head of Engineeri...
Total Annual Compensation: $90.0K
Compensation as of Fiscal Year 2014.

gale force petroleum inc (GFP) Key Developments

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.

Gale Force Petroleum Inc., Special/Extraordinary Shareholders Meeting, Dec 18, 2014

Gale Force Petroleum Inc., Special/Extraordinary Shareholders Meeting, Dec 18, 2014., at 10:00 Eastern Standard Time. Location: 2 Bloor Street East. Agenda: To receive and consider the consolidated financial statements of the Corporation for the financial year ended June 30, 2014, and the report of the auditors thereon; to elect the directors of the Corporation to hold office until the close of the next annual meeting of Shareholders or until their successors are elected or appointed; to appoint the auditors of the Corporation for the ensuing year and to authorize the directors of the Corporation to fix their remuneration; to consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution of Shareholders approving the Corporation's rolling stock option plan in accordance with Policy 4.4 ­ Incentive Stock Options of the TSX Venture Exchange, the full text of the resolution being set forth in Schedule "B" to the Circular; and to transact such further and other business.


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