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Tasillo,
Get your guys ready we should see movement next week.
its just sitting at 05 and 07, will begin to move shortly then to late..
Hi Tasillo,
This is a low risk entry point. @ 0,05$ you are buying based on 1M$ market cap. The company has more assets then that !!! The upside is tremendous. The kentucky property has 350M$ worth of proven reserves and we know that we can operate the land @ very low cost. The larger company that is partners with us (last news release) is investing all the money to develop it.
This is a unique opportunity. trust me I am good friends with Michael. He is building sometyhing big.
This is a longterm play. I don't suggest you trade it.
hello Canviu, got some others interested, we'll see how this plays out short term
Stockselection,
Only 20M shares outstanding. I know they are working at reducing debt and raising money. If this is done you will see it move quickly to 0,25$+. By the middle of february we should know more.
GFP.V needs to build some stronger positions. some more news would create good momentum , some other deals would make this a very good hold for the future
Big companies are now getting involved in GFP. This is usually a very good sign. This is just the beginning more news to come.
Fantastic news
Montreal, January 14th, 2008 - Gale Force Petroleum (TSX-V: GFP), WHL Energy (ASX: WHL) and Derby Resources (collectively, the “Farmors”) are pleased to announce the signing of a farmout agreement. According to the terms of the agreement, the Farmee, who will remain confidential, may earn up to 50 percent interest in the Kentucky Shale Gas Property, currently comprised of 22,000 acres, 9 existing wells, gathering lines and two compressors in Eastern Kentucky, by paying for a series of staged development programs.
The primary goal of the farmout is to increase and accelerate natural gas production and revenues generated from the current Kentucky Property and adjoining leasing opportunities. The initial development program, estimated to cost $400,000, will begin in the spring of 2009 and will focus on the completion of some of the existing nine wells. For paying the completion of the existing nine wells, the Farmee will earn a 60% interest before payout in these wells.
Additional development programs will be pursued at the Farmee’s option later in 2009 and in 2010. For newly drilled wells, the Farmee will earn a 75% interest before 1.5 times payout. The Farmee, at its option, may spend up to $2 million on the programs, upon which it will back in to earn a 50% interest in the Kentucky Property.
There is consistent natural gas potential across the Kentucky Property and low-cost, low-risk drilling for the Devonian Shale target, with more than 200 prospective drilling locations immediately adjacent to the existing infrastructure. The Devonian Shale is consistently 250 feet in thickness on the Kentucky Property, with a predictable natural gas production profile.
The Kentucky Property forms part of the oldest producing petroleum system in the United States. The Devonian Shale plus Middle and Upper Paelozoic system in the Appalachian Basin together contain 31.4 Tcf of technically recoverable natural gas, with estimates of an aggregate 550 Tcf natural gas in place, according to the US Geological Survey. Within the system, there are 15,000 wells drilled to or through the Devonian Shale in Eastern Kentucky alone.
ABOUT GALE FORCE PETROLEUM INC. − www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation focused on acquiring and exploiting unconventional and conventional gas resources in mature basins, building shareholder value through growth. It owns producing natural gas properties in Alberta, Canada and in Kentucky, USA.
great . lets see this deal pop up .20
This one is the real deal. Fantastic properties in kentucky. Stock options and debt transfer into stock @ 0,5$. presently 0,05-0,08. News out monday morning.
Anyone like to get in on an a junior entry .05 x 07
news going to start rolling out - easy double
GFP.F presently 05 to 075
support is under .05 and holds well expecting series of news, time to get in - low risk with support at initial stages
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