DALLAS, Nov. 24, 2014 /CNW/ - Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) ("Gale Force" or the "Company") today announced that it has received payment of US$480,000 of the US$567,000 held in escrow following the sale of a majority working interest in the Company's Texas Reef Properties in Henderson and Anderson Counties, Texas, previously announced on August 27, 2014. An amount of US$87,000 remains in escrow pending further title investigation.
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.
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