(TSX Symbol - PEF; NYSE Amex Symbol - PED)
CALGARY, May 27 /CNW/ - Petroflow Energy Ltd. ("Petroflow" or the
"Company") reports that Mr. Richard W. Clark has resigned as Chairman of the
Board and as a Director of the Company. Mr. Clark's resignation is effective
Mr. John Melton, Chief Executive Officer had the following comment,
"Richard Clark has served the Company well as a Director and as our Chairman.
Over the last three years we have relied on his expertise and counsel. On
behalf of the staff and the Board at Petroflow, we would like to thank Richard
for all of his efforts and look forward to our continued friendship."
Mr. David Elgie has agreed to act as Interim Chairman effective
immediately. Mr. Elgie is a Professional Engineer and has a comprehensive and
thorough background in the oil and gas industry. Since joining the Board of
Directors, Mr. Elgie has served as a member of the Reserves Committee and the
"We are very pleased to have Dave Elgie step into the role of Interim
Chairman. As a successful oil and gas executive, Dave understands the nature
of the business and the cyclical challenges facing the industry. Since joining
our Board of Directors, Dave has demonstrated his commitment to Petroflow. He
brings knowledge and experience to the Company and we look forward to working
with him in his new role," stated Mr. Melton.
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