Petroflow Energy Ltd.
TSX VENTURE : PEF

Petroflow Energy Ltd.

April 25, 2008 14:43 ET

Petroflow Energy Ltd. Grants Stock Options

CALGARY, ALBERTA--(Marketwire - April 25, 2008) - Petroflow Energy Ltd. (TSX VENTURE:PEF) ("Petroflow" or the "Company") is pleased to announce that the Company's Board of Directors has approved the granting of 150,000 stock options to two of its directors pursuant to Petroflow's existing Stock Option Plan. Each option entitles the holder to acquire one common share of Petroflow at an exercise price of $3.87 expiring 5 years from the date of grant. The options vest as to 30% on the date of grant, with an additional 20% vesting on each of the first and second anniversary of the date of grant and an additional 15% vesting on each of the third and fourth anniversary of the date of grant.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Macam Investor Relations
    Cameron MacDonald
    President & CEO
    (403) 695-1006 or Toll Free: 1-866-264-0743
    or
    Petroflow Energy Ltd.
    John Melton
    President & CEO
    (504) 453-2926
    or
    Petroflow Energy Ltd.
    Duncan Moodie
    CFO
    (403) 539-4311