LEVI & KORSINSKY, LLP Investigates EQUAL ENERGY LTD. For Possible Breaches Of Fiduciary Duty In Connection With Sale Of Company To Petroflow Energy Corporation

Levi & Korsinsky is investigating the Board of Directors of Equal Energy Ltd. (“Equal” or the “Company”) (NYSE: EQU) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. (“Petroflow”).

Click here to learn more about the investigation http://zlk.9nl.com/equal-energy-equ/, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of transaction, Equal shareholders will receive $5.43 in cash for each share of Equal stock they own. The investigation concerns whether the Equal Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Petroflow is underpaying for Equal shares.

If you own Equal common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/equal-energy-equ/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Copyright Business Wire 2010

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