Exhibit 99.2
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Petroflow Energy Ltd.
#970, 717 - 7th Avenue SW
Calgary, Alberta T2P 0Z3
Phone: 403.539.4320
Item 2 Date of Material Change
December 14, 2009
Item 3 News Release
Press Release dated December 14, 2009
Distributed by CNW in Canada and the US.
Posted to SEDAR and EDGAR
Item 4 Summary of Material Change
Resignation of CFO and appointment of interim CFO.
Item 5 Full Description of Material Change
| 5.1 | Full Description of Material Change |
PLEASE SEE ATTACHED PRESS RELEASE.
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
NO INFORMATION HAS BEEN OMITTED.
Item 8 Executive Officer
Mr. Sanford Andrew
President & COO
Petroflow Energy Ltd.
#970, 717 - 7th Avenue SW
Calgary, Alberta T2P 0Z3
Tel: 307.277.2145
Item 9 Date of Report
December 14, 2009
FOR IMMEDIATE RELEASE - Monday, December 14, 2009 - CALGARY, ALBERTA - PETROFLOW ENERGY LTD. (TSX Symbol - PEF; NYSE Amex Symbol - PED)
PETROFLOW ENERGY LTD. ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER.
CALGARY, Petroflow Energy Ltd. ("Petroflow" or the "Company") announces the resignation of Duncan Moodie, Chief Financial Officer of the Company. The Board has appointed Mr. Tucker Franciscus to the position of interim Chief Financial Officer. Mr Franciscus has been working for Petroflow for several months as a financial consultant and is familiar with the company’s financial systems.
The Board of Directors and management wish to thank Mr. Moodie for his service to the Company and wish him well in his future endeavours.
For additional information, please contact the following:
Mr. Sanford Andrew, President & COO
Petroflow Energy Ltd.
307.277.2145
www.petroflowenergy.com
The TSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of this news release.
