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Cut the flank steak in big chunks, and pour them into a big stock pot with a little of olive oil and let it sear. Make sure that every side has a nice brown.
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Remove the meat and in the same pot add the onions, the red pepper, the garlic, the tomato and the worcestershire sauce. Stir for a couple minutes.
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Incorporate the meat and pour the broth until it covers the meat. Let it simmer for 1 hour.
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Remove the meat and shred it. Put it again into the sauce and stir for a couple minutes. Now you can serve it with the arepas.