Petroflow Energy Ltd. (fka PFLWF)

[crable]

PED

Not good!

nergy Corp.



(TSX Symbol - PEF; NYSE Amex Symbol - PED)


CALGARY, Dec. 4 /PRNewswire-FirstCall/ - Petroflow Energy Ltd. ("Petroflow"
or the "Company") announces that its subsidiary, North American Petroleum
Corporation USA (NAPCUS) has received a "Notice" from Enterra Energy Corp. that
alleges it is in default under the Farmout Agreement dated effective March 1,
2006 (the "Agreement") by and between Enterra Acquisitions Corp, a wholly owned
subsidiary of Enterra and NAPCUS.


The Company's firm position is that it is not in default under the Agreement,
for a number of reasons that will be clearly communicated to Enterra in support
of Petroflow's continuing rights under the Farmout.


In the Notice, Enterra stated that the Notice does not constitute a notice of
termination and requested that NAPCUS propose a plan satisfactory to Enterra to
cure its non-performance or to otherwise reach an understanding with Enterra to
modify the current arrangement no later than December 10, 2009. If no
resolution can be reached and should the Company receive a termination notice
under the Agreement, the Company would have 30 days to prepare a plan to cure
the non-performance and a further 60 days thereafter to initiate drilling
activities on the Farmout lands.


Forward Looking Statements


This news release contains statements about oil and gas production and
operating activities that may constitute "forward-looking statements" or
"forward-looking information" within the meaning of applicable Securities
legislation as they involve the implied assessment that the resources described
can be profitably produced in the future, based on certain estimates and
assumptions.


Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks, uncertainties and other factors
that could cause actual results to differ materially from those anticipated by
Petroflow and described in the forward-looking statements. These risks,
uncertainties and other factors include, but are not limited to, inability to
resolve disagreements related to our Farmout Agreement with Enterra Energy,
adverse general economic conditions, inability to raise financing on acceptable
terms or at all, operating hazards, drilling risks, inherent uncertainties in
interpreting and applying engineering data, geologic data, and accumulated
operating and production knowledge, technology change and failure, competition,
reduced availability of drilling and other well services, fluctuations in oil
and gas prices and prices for drilling and other well services, government
regulation and foreign political risks, fluctuations in the exchange rate
between Canadian and US dollars and other currencies, as well as other risks
commonly associated with the exploration and development of oil and gas
properties.


Additional information on these and other factors, which could affect
Petroflow's operations or financial results, are included in Petroflow's
reports on file with Canadian and United States securities regulatory
authorities. We assume no obligation to update forward-looking statements
should circumstances or management's estimates or opinions change unless
otherwise required under securities law.


The TSX has not reviewed and does not accept responsibility for the

adequacy or accuracy of this news release.


SOURCE Petroflow Energy Ltd.

/CONTACT: Mr. Sanford Andrew, President & COO, Petroflow Energy Ltd., (307)
277-2145, www.petroflowenergy.com; Mr. Duncan Moodie, CFO, Petroflow Energy
Ltd., [phone], www.petroflowenergy.com


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(END) Dow Jones Newswires

12-04-09 1118ET

11:18 120409