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All Penny News: Gale Force Petroleum Divesture Grosses More Than Market Capitalization


Mississauga, ON -- (SBWIRE) -- 07/25/2014 -- Media, Inc. ( announces its latest article titled “Gale Force Petroleum Divesture Grosses More than Market Capitalization.”

Companies mentioned in this article include Gale Force Petroleum Inc. (OTCQX:GFPMF) (TSX-Venture:GFP).

Article Excerpt:

Companies the world over seem to be interested in the Texas oil boom. Talisman Energy, one of Canada’s largest independent oil companies, saw its shares shoot ahead by about 13 percent on Wednesday after confirming that Spain’s Repsol approached them to discuss some possible transactions. Talisman, which trades on both the Toronto and New York Stock Exchanges under the ticker TLM, was tight-lipped about details, but Wall and Bay Street players interpreted the discussions as a possibility that Talisman may sell a chunk of its assets or potentially be an acquisition target of Repsol.

On a smaller scale, dually-listed Gale Force Petroleum Inc. (OTCQX:GFPMF) (TSX-Venture:GFP), a company focused on acquiring underdeveloped oil and gas reserves, has been padding its bank account lately by divesting assets in Texas. The company’s portfolio contains oil and gas properties in Texas, Tennessee and West Virginia.

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