Petroflow Energy Ltd.
TSX VENTURE : PEF

Petroflow Energy Ltd.

November 30, 2007 20:03 ET

Update Regarding Petroflow Energy Ltd.'s Proposed Financing

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Further to its press release issued on November 21, 2007, Petroflow Energy Ltd. (TSX VENTURE:PEF) announces that it has decided to postpone the filing of its preliminary short form prospectus. "In light of the general condition of capital markets in the United States and Canada, and considering the logistical challenges of undertaking a financing during the holiday season, we felt it would be in the best interests of Petroflow to re-visit the equity financing early in 2008," stated Mr. John Melton, President and CEO of Petroflow.

This announcement is not an offer of Petroflow's shares in the United States. Petroflow's shares have not been and will not be registered under the U.S. Securities Act and have not been and will not be offered or sold in the United States except in transactions exempt from the registration requirements of that Act.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this 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 and CEO
    (504) 453-2926
    or
    PetroFlow Energy Ltd.
    Duncan Moodie
    CFO
    (403) 539-4320