Petroflow Energy Company News

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Petroflow Delisted from NYSE
Petroflow received a notice from the NYSE Amex indicating its intent to delist the Company's common stock from the Amex effective June 4, 2010.
8:00 PM EST | June 03, 2010
Petroflow Energy Notes Reserve Changes
Petroflow Energy has received its independent oil and gas reserve report for the year ended December 31, 2009 from Haas Petroleum Engineering Services.
8:00 PM EST | March 16, 2010
Petroflow Updates on G&A Reduction Plan
Petroflow Energy has given notice of termination as part of its continued G&A reduction plan, with severance payments totaling $1.7 million.
7:00 PM EST | March 04, 2010
Petroflow Enters into Forebearance Agreement
Petroflow has entered into a forbearance agreement with its banking syndicate in connection with certain events of defaults under its amended and restated credit agreement.
7:00 PM EST | February 23, 2010
Petroflow Names New CEO for Denver HQ
Petroflow Energy announced the appointment of Mr. Kyle R. Miller to the position of Chief Executive Officer of the Company, effective January 6, 2010.
7:00 PM EST | January 06, 2010
Enterra Nixes Farm-Out Agreement with Oklahoma Hunton Partner
Enterra delivered a notice of termination for non-performance under the terms of its Farm-out Agreement with a wholly owned subsidiary of Petroflow in the Oklahoma Hunton play.
7:00 PM EST | December 14, 2009
Petroflow Appoints Interim Chief Financial Officer
Petroflow Energy has announced the resignation of Duncan Moodie, Chief Financial Officer of the Company.
7:00 PM EST | December 13, 2009
Petroflow Secures Financial Hedge Position
Petroflow has entered into a financial hedge position with respect to 6800 MMBTU per day of gas production.
8:00 PM EST | September 27, 2009
Petroflow Reports Second Quarter 2009 Results
Petroflow's average sales production rate grew to 4,250 boe per day, a 75% increase over the second quarter of 2008 average sales production of 2,426 per day, and a 22% increase over the first quarter of 2009.
8:00 PM EST | August 13, 2009
Petroflow Waves Goodbye to Retiring CEO and Founder
Petroflow Energy announced that John Melton, Petroflow's CEO and founder, will retire from his position as CEO and has also decided to resign as a director.
8:00 PM EST | July 27, 2009
Petroflow Cites Production Increases for June
"Our production volumes continued to rise in June. We are very pleased that our average daily volumes are up over our May performance," stated Sandy Andrew, Petroflow's President COO.
8:00 PM EST | July 16, 2009
Petroflow Energy Posts May Production Increases
Petroflow Energy has reported on its estimated peak production rate for the month of May 2009.
8:00 PM EST | June 28, 2009
Petroflow Boosts Production through Bubble Point Technology
"In addition to the Hunton being a very large opportunity for Petroflow, the use of Bubble Point Technology has resulted in the steady increase of our production rates," said Sandy Andrew, President and COO of Petroflow.
8:00 PM EST | June 11, 2009
Petroflow Energy Elects 2 More Members to Board of Directors
Petroflow moved to expand its Board of Directors with the appointment of two new members at its Annual General Meeting on June 2, 2009.
8:00 PM EST | June 03, 2009
Petroflow Energy Names New Interim Chairman
Petroflow Energy reported 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 immediately.
8:00 PM EST | May 26, 2009
Petroflow Energy Appoints Sandy Andrew as New President
Petroflow announced that Mr. Sanford Andrew has been appointed to the office of President and Chief Operating Officer.
8:00 PM EST | April 23, 2009
Petroflow Cancels LOI on Hunton Acquisition
Petroflow has terminated a Letter of Intent with a third party that was announced on February 6, 2009.
8:00 PM EST | March 17, 2009
Petroflow Lifts Reserves 249% over Three Years
At December 31, Petroflow's 2008 proved plus probable reserves increased to 31.4 million boe from 26.2 million boe at December 31, 2007, an increase of 20%.
8:00 PM EST | March 09, 2009
Petroflow to Pick Up Additional Acreage in Hunton Resource Play
Petroflow has entered into a Letter Of Intent with a third party to acquire additional producing oil and gas assets in Oklahoma.
7:00 PM EST | February 05, 2009
Petroflow to Undertake a Normal Course Issuer Bid
Petroflow Energy Ltd. reports that it intends to conduct a normal course issuer bid, through the facilities of the TSX to purchase for cancellation up to 500,000 Common Shares.
7:00 PM EST | February 03, 2009
Petroflow Graduates to Toronto Stock Exchange, Continues Hunton Development
Petroflow Energy has graduated to the senior stock exchange in Canada as part of the Petroflow's efforts to grow the company.
7:00 PM EST | January 19, 2009
Petroflow Revises Reserves Estimate for Third Quarter '08
Petroflow's proved reserves declined in the quarter by 0.7 million BOEs due to a combination of production, reclassification of proved reserves to probable reserves and a downward revision in an updated reserve report prepared by Haas.
7:00 PM EST | December 11, 2008
Petroflow Forms JV to Develop Hunton Resource Play
Petroflow has executed its formal Joint Venture Agreement with Patron Energy to mutually develop the Hunton Resource Play and other formations in Oklahoma.
7:00 PM EST | November 23, 2008
Petroflow Energy Earns $12MM Net Income in Third Quarter
Petroflow Energy earned net income for the three months ended September 30, 2008 of $12.0 million, compared to a net loss of $1.3 million in 2007.
7:00 PM EST | November 23, 2008
Petroflow Names New Director
Petroflow has announced the appointment of David Elgie to the office of Director with the Company effective October 1, 2008.
8:00 PM EST | October 15, 2008
Petroflow, Patron to Jointly Develop Hunton
Petroflow has entered into a LOI with Patron Energy regarding the establishment of a joint venture to mutually develop the Hunton and other formations in Oklahoma.
8:00 PM EST | October 05, 2008
Petroflow Boasts Company Production Record Over 3,000 B/D
Petroflow announced that for the first time in the Company's history, daily production exceeded 3,000 BOEs per day of production at 3,070 BOEs per day. The Company also provided an operational update for its U.S. assets.
8:00 PM EST | September 09, 2008
Petroflow Energy Announces Commencement of Trading on Amex
Petroflow Energy Ltd. announced that its common shares have been approved for listing on the American Stock Exchange.
8:00 PM EST | July 13, 2008
Petroflow Announces $29 Million Pending Asset Sale
Petroflow Energy Ltd. has entered into a definitive purchase and sale agreement to sell its San Juan Basin coal bed methane property (Juniper).
8:00 PM EST | April 23, 2008
Petroflow Enters $200 Million Credit Facility
In total the Company increased its current borrowing capacity to U.S. $88 million.
8:00 PM EST | April 13, 2008
Enterra Announces Second Closing of Oklahoma Acquisition
Enterra Energy Trust said that it has completed the second closing of its previously announced acquisition of producing assets located in Oklahoma. This closing took place on Tuesday.
7:00 PM EST | March 22, 2006