(TSX Symbol - PEF; NYSE Amex Symbol - PED)
DENVER, CO, Aug. 20 /CNW/ - On August 20, 2010, Petroflow Energy Ltd. ("Petroflow") filed a voluntary petition for relief (the "Chapter 11 Petition") under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court"). Petroflow will seek recognition of the U.S. chapter 11 proceedings from the Alberta Court of Queen's Bench under the Companies' Creditors Arrangement Act in Canada, and will seek to have its chapter 11 case jointly administered with those of its two chapter 11 debtor affiliates under the caption "In re North American Petroleum Corporation USA, Case No. 10-11707 (CSS)."
Additional information on the Chapter 11 Petition, including access to documents filed with the Court and other general information about the chapter 11 cases is available at http://dm.epiq11.com/napcus.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE PETROFLOW ENERGY LTD.
For further information: For further information: Kirkland & Ellis LLP, Ryan Blaine Bennett, (312) 862-2000, www.kirkland.com