Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX
Sector: Oil & Gas Exploration & Production
Epic: TSX:PEF
News: Latest news
Web Site: Petroflow Energy
Other Articles: 25-11-2008

RSS - Subscribe to the News Today on Proactive UK ▼

Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday March 18, 12:26Healthcare & Biotech companies to present at "Ultimate Healthcare & Biotechnology Event 2010”

We have a cracking line-up for March 24, as we return to Healthcare & Biotech sector at our One2One Investor Forum. Seats are limited, to avoid disappointment, register now.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Petroflow Energy

Petroflow Energy

Petroflow’s primary development activity is the Hunton Resource Play in Oklahoma.  The company currently have three drilling rigs running continuously on the project.  
Tuesday, November 25, 2008

Petroflow Energy Ltd Executes Additional Hunton Joint Venture in Oklahoma

Petroflow Energy Ltd said it has executed its formal joint venture agreement with Patron Energy LLC to develop the Hunton Resource Play and other formations in Oklahoma.

Petroflow is currently involved in seven Oklahoma counties with Enterra Energy Trust. This latest joint venture significantly adds to Petroflow's extension plans in Oklahoma.

The Patron deal will allow Petroflow to own working interests that vary between 65 percent and 70 percent in three new project areas initiated by Patron. Specific advantages to Petroflow include leased mineral rights in approximately 4,600 net acres of land in one of the project areas; plus existing evaluations of the geological potential within the other areas.

Petroflow has paid Patron $US1 million, reimbursing its partner for 70 percent of its costs in the three project areas.

The joint venture deal also gives Petroflow an existing 'right of first refusal' agreement with a team of experienced geologists in the Oklahoma region. Petroflow, with Patron, now holds 'right of first refusal' options on any projects proposed by the geological team; however, Petroflow is not obligated to participate.

Patron is privately held and Richard Azar, who is a director of Petroflow, owns 20 percent of Patron.  He intends to participate in the activities to be undertaken with working interests of approximately 6 percent.

AddThis Feed Button
Register here to be notified of future Petroflow Energy articles.

Other Petroflow Energy news

More news ►

Investors interested in Petroflow Energy recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.