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Gale Force Sells Gregg & Rusk Counties Properties

Gale Force Petroleum Inc. (GFP.V) has entered into agreements to sell its Gregg & Rusk Counties Properties and its Oklahoma Properties, for an aggregate selling price of $6.5 million.

The company has sold its properties in Gregg & Rusk Counties for a total of $5.85 million, of which $5.55 million was paid today, with the remaining $300,000 expected in June, 2013. It has also entered into a purchase and sale agreement to sell its core interests in Oklahoma, for a total of $650,000, which it expects to close within 30 days.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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