MONTREAL, Oct. 20 /CNW Telbec/ - Gale Force Petroleum Inc. (TSX Venture: GFP, the "Corporation") today announced the following changes:
Effective immediately and for personal reasons, Mr. Joseph F. Langston, CPA has stepped down from the position of President and Chief Executive Officer of the Corporation. Mr. Langston will continue to work for the Corporation as a Director and in a consulting role, and will continue to be integrally involved in the Corporation's future business development.
Mr. Michael McLellan, CFA, has assumed the position of Chief Executive Officer of the Corporation, with the mandate of continuing the execution of the Corporation's business plan to grow by acquiring and developing undervalued oil and gas properties in Central and Gulf Coast, USA. Mr. McLellan led the Corporation as its Chief Executive Officer until its restructuring concluded in May of this year, and has served as its Executive Chairman since that time.
Mr. John Trosclair, P.Eng, has been hired as Chief Operating Officer of the Corporation. Mr. Trosclair is based in Tyler, Texas, near the Corporation's properties in East Texas. He is a seasoned petroleum engineer with over 30 years of oil and gas exploration and operational experience, in capacities of oil and gas company owner, manager and as a drilling and completions engineer. Mr. Trosclair's valuable experience will contribute in the Corporation's assessment of new acquisitions and in the implementation of its property development programs.
ABOUT GALE FORCE PETROLEUM INC. − www.GaleForcePetroleum.com
Gale Force Petroleum is a public corporation with a focus on the development and exploitation of oil and gas resources in mature basins, building shareholder value by making accretive acquisitions and developing its properties. It owns oil and natural gas properties in Texas, Oklahoma, Tennessee and Kentucky.
Forward looking statements:
Statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are based on assumptions and estimates that are subject to various risks and uncertainties including the risks disclosed under the heading "Business Risks" in the Corporation's periodic filings on SEDAR, for example, in its Management Discussion and Analysis for the annual exercise ended June 30, 2009. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Corporation does not assume the obligation to update any forward-looking statements.
"Neither 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."
For further information:
Michael McLellan, Executive Chairman, +1.514.221.2030
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