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.
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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.
