TULSA, Okla., June 3, 2011 /PRNewswire/ -- Petroflow Energy Ltd. and its subsidiaries, North American Petroleum Corporation USA and Prize Petroleum LLC (collectively, "Petroflow") announces the closing of its settlement with its secured lenders and its former partner, Equal Energy Ltd. and Equal's subsidiaries (collectively, "Equal") (the "Settlement Agreement"). Under the Settlement Agreement and its associated purchase and sale agreement, Petroflow sold its Hunton assets in Oklahoma to Equal and settled all outstanding legal matters and other claims among Petroflow, Equal, and Petroflow's secured lenders. As part of the settlement Petroflow retains approximately fifty percent of the up hole rights in the leases held by the Hunton assets as well as operatorship of those assets.