Montana Exploration To Acquire Gale Force Petroleum

摘要

Montana Exploration Corp. said June 24 it will acquire all outstanding shares of Gale Force Petroleum Inc. through an ar- rangement agreement under the Canada Business Corporation Act. The arrangement will combine Montana Exploration’s acreage in the Shaunavon oil trend and Eagle gas play in Montana with the cash resources of Toronto’s Gale Force. There will be no bank indebtedness in the combined entity, which will seek to fund its future drilling program with new equity.