John Melton CEO Petroflow Energy Ltd

John Melton, CEO, Petroflow Energy Ltd., (985) 796-8080,; Mr. Duncan Moodie, CFO, Petroflow Energy Ltd., (403)539-4320, . WASHINGTON/NEW YORK (Reuters) - With a week remaining for Chrysler LLC to clinch a deal with Italy's Fiat (FIA.MI), the U.S. automaker is readying a bankruptcy plan but still focused on reaching an alliance with the support of the Obama administration, people with knowledge of the discussions said on Thursday. Deals  |  Inflows Outflows  |  ItalyFiat, meanwhile, also emerged as a potential buyer for General Motors Corp's GM.N Opel unit in a deal that would mark the Italian automaker's emergence as a major global player with a role in the restructuring of two of Detroit's sputtering carmakers.Chrysler, which faces a government-imposed April 30 deadline to cement an alliance with Italy's Fiat or face a cut off of its federal funding that could trigger its liquidation in bankruptcy, has been preparing for a Chapter 11 filing as a contingency, a person with direct knowledge of the plans said.A U.S.

GM said it wanted to avoid something similar if its negotiations with Delphi's lenders failed to produce a deal for its former subsidiary to emerge from bankruptcy."We believe that continuity of supply to GM will be best assured by resolving the issues that will allow Delphi to emerge successfully from Chapter 11," Delphi spokesman Lindsey Williams said in a statement.GM's sweeping production shutdown represents one of the deepest cutbacks by any of the major U.S. automakers during a four-year downturn that has driven the industry to the brink of collapse with sales near 30-year lows.Analysts said GM's move would add to the financial stress on its key suppliers. Shares in key suppliers tumbled in response.American Axle & Manufacturing Holdings Inc (AXL.N), which relies on GM for three quarters of its sales, closed down 21 percent on the New York Stock Exchange.(Reporting by Ross Colvin and John Crawley in Washington, Jui Chakravorty Das in New York, David Bailey and Kevin Krolicki in Detroit; Editing Bernard Orr and Carol Bishopric.) Deals Inflows Outflows Italy. Check this out:Scott Wolf, the USC beat reporter for the Daily News, has given the ripple this video has caused the affectionate name of ?Walk-onGate? (which looks really dumb with a hyphen). Regardless, Wolf reports that Rick Neuheisel has been pushing this video on recruits. as a way of ripping on USC.According to Wolf, the video was featured on Pete Carroll?s official site, petecarroll , earlier this week:Q: Was the walk-on football tape that prominently featured Carroll?s son sponsored by USC and, if so, why?when it reflects so poorly on the walk-on process at USC?A: Because there is no editor or safety net to judge the content that gets thrown up on the petecarroll website. Everything is viewed as a self-promotion aimed at recruits, parents and lastly, fans.

A lot of the content can be interesting but sometimes you need an editor to step in and say, ?this is not worthy of the program.? And let me add it?s not just Rick Neuheisel doing the criticizing. People I respect at USC also criticized it this week not to mention quite a few coaches at other schools across the country.The video features Brennan Carroll, an assistant coach under his father Pete. Brennan Carroll proceeds to scream, yell, cuss, and crack his voice like he?s 11 at recruits who are no doubt saying to themselves, ?What gives this privileged and unaccomplished jackass the right to yell at me??3 other things stood out to me when watching this video:1. I thought it was funny watching Brennan Carroll scream at the top of his lungs, ?WORK! WORK! WORK!? when I?d bet the house that the dude hasn?t worked a day in his friggin? life.2. When Brennan Carroll?s voice cracks, he?s a steaming pile of sex.3. I love how the end of the video states that out of 25 ?perspective? walk-ons, 5 made the team. Yay for those special ?perspective walk-ons? and the people that made this fine video.