Petroflow Energy announced that Mr. John Melton, Petroflow's CEO and founder, will retire from his position as CEO and has also decided to resign as a director. The Company also announces that Mr. Joseph Blandford has resigned from his position as director of Petroflow.
Mr. David Elgie, Chairman offered the following on behalf of the entire board, management, and staff: "John Melton's vision and leadership through the formative stages of Petroflow were invaluable in establishing the Company's unique culture and remarkable asset base. We all wish him the very best in his retirement."
"Joseph Blandford has been a director of the Company since its inception, and we sincerely thank him for his dedication, stewardship, and exceptional leadership on the board through the company's formative years."
As announced previously, in April of this year Sandy Andrew was appointed President of the Company. The board is fully confident that Sandy Andrew will continue to provide the valuable leadership he has shown, and will continue to lead all aspects of the Company's day to day operations. The board has also established a committee of the board and management to support the management team on capital market and financial matters.
Despite these two changes, the Company is positioned to maintain and grow its current strategies in the Hunton and other basins.
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