01:53 PM EST - Petroflow Energy Ltd. : has entered into a Letter of Intent with Patron Energy to establishment a joint venture to mutually develop the Hunton and other formations in Oklahoma. The LOI, which is subject to due diligence and the execution of a formal joint venture agreement and operating agreement prior to October 17, 2008, will allow the Company to own working interests varying between 65% and 70% in three new project areas initiated by Patron. Petroflow Energy Ltd.
shares V.PEF are trading unchanged at $4.55.
