(TSX Symbol - PEF; NYSE Amex Symbol - PED)
CALGARY, April 24 /CNW/ - Mr. John Melton, CEO of Petroflow is pleased to
announce that Mr. Sanford (Sandy) Andrew has been appointed to the office of
President and Chief Operating Officer. Sandy has served as Petroflow's Chief
Operating Officer since the company was formed in 2005. Mr. Melton continues
as Petroflow's Chief Executive Officer. This change is effective immediately.
Mr. Melton added, "Sandy is a Petroleum Engineer with over 30 years of
industry experience. Petroflow has a well proven track record in our drilling
and operations activities and this success is the result of Sandy's leadership
of our management and staff. Sandy has demonstrated excellent management
skills since we formed Petroflow and we look forward to his expanded role in
our organization. As CEO, this will allow me to focus more on Petroflow's
capital markets, shareholder relations and growth strategies."
Forward looking Statements
This news release contains statements about oil and gas production and
operating activities that may constitute "forward-looking statements" or
"forward-looking information" within the meaning of applicable securities
legislation as they involve the implied assessment that the resources
described can be profitably produced in the future, based on certain estimates
Forward-looking statements are based on current expectations, estimates
and projections that involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially from those
anticipated by Petroflow and described in the forward-looking statements.
These risks, uncertainties and other factors include, but are not limited to,
adverse general economic conditions, operating hazards, drilling risks,
inherent uncertainties in interpreting and applying engineering data, geologic
data, and accumulated operating and production knowledge, technology change
and failure, competition, reduced availability of drilling and other well
services, fluctuations in oil and gas prices and prices for drilling and other
well services, government regulation and foreign political risks, fluctuations
in the exchange rate between Canadian and US dollars and other currencies, as
well as other risks commonly associated with the exploration and development
of oil and gas properties.
Additional information on these and other factors, which could affect
Petroflow's operations or financial results, are included in Petroflow's
reports on file with Canadian and United States securities regulatory
authorities. We assume no obligation to update forward-looking statements
should circumstances or management's estimates or opinions change unless
otherwise required under securities law.
The TSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of this news release.
For further information:
For further information: Mr. John Melton, CEO, Petroflow Energy Ltd.,
(985) 796-8080, www.petroflowenergy.com; Mr. Duncan Moodie, CFO, Petroflow
Energy Ltd., (403) 539-4320, www.petroflowenergy.com