DALLAS, TX, Nov. 28, 2013 /CNW/ - Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the "Company") today published its quarterly financial statements for the interim period ended September 30, 2013, which can be downloaded at www.GaleForcePetroleum.com or at www.SEDAR.com. Notably, the Company's production during the quarter increased, as can be seen in the chart below.
"With very little investment, the Company increased aggregate production from the current property set, for the tenth time in eleven straight quarters, said Michael McLellan, Chief Executive Officer.
ABOUT GALE FORCE PETROLEUM INC. − www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation focused on acquiring and exploiting underdeveloped oil and gas reserves in mature basins, bringing operational expertise and capital to lower-risk, development-type projects. The Company currently owns producing oil and gas properties in Texas, Tennessee and West Virginia.
Cautionary Statement Regarding use of BOE
Please note that the Company has used the term "BOE" herein, which may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Image with caption: "Quarterly Production Chart (CNW Group/Gale Force Petroleum Inc.)". Image available at: http://photos.newswire.ca/images/download/20131128_C6084_PHOTO_EN_34096.jpg
SOURCE: Gale Force Petroleum Inc.
For further information:
Michael McLellan, CFA, Chief Executive Officer, +1.888.440.3411, or [email protected].