The Buffalo Oil Corporation
TSX VENTURE : BFO

The Buffalo Oil Corporation
Pocaterra Energy Inc.
TSX VENTURE : PCT

Pocaterra Energy Inc.

August 04, 2006 16:00 ET

Buffalo Oil and Pocaterra Energy Agree to Extend Offer Mailing Date

CALGARY, ALBERTA--(CCNMatthews - Aug. 4, 2006) - The Buffalo Oil Corporation ("Buffalo") (TSX VENTURE:BFO) and Pocaterra Energy Inc. ("Pocaterra") (TSX VENTURE:PCT) have agreed to extend the mailing date for the offer by Buffalo to purchase all of the common shares of Pocaterra until August 25, 2006 (the "Offer").

Buffalo's obligation to make the Offer is subject to a number of conditions, including obtaining voting support agreements from certain of Pocaterra directors and officers holding an aggregate of approximately 13% of the issued and outstanding Pocaterra Shares, completion of due diligence in respect of certain of Pocaterra's oil and gas properties, and certain other conditions customary for a transaction of this nature. Subject to the satisfaction or waiver of such conditions and the completion of documentation as required for regulatory purposes, it is expected that the Offer will be mailed to Pocaterra shareholders no later than August 25, 2006 and will remain open until the first business day which falls more than 35 days after the Offer is mailed to Pocaterra shareholders, unless further extended by mutual agreement between Buffalo and Pocaterra.

All other terms and conditions of the Pre-Acquisition Agreement entered into between Buffalo and Pocaterra and announced on July 20, 2006 remain unaltered.

Certain information set forth in this press release contains forward looking statements. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, reliance should not be placed on forward-looking statements. Actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Buffalo or Pocaterra will derive therefrom. Buffalo and Pocaterra disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • The Buffalo Oil Corporation
    Trevor Penford
    President and C.F.O.
    (403) 252-2462
    Email: tpenford@buffalo-oil.com
    or
    The Buffalo Oil Corporation
    William (Bill) Trickett
    Chairman and C.E.O.
    (403) 252-2462
    Email: btrickett@buffalo-oil.com
    or
    The Buffalo Oil Corporation
    Suite 180, 1209 - 59th Avenue S.E.
    Calgary, Alberta T2H 2P6
    (403) 252-2462
    (403) 252-1399 (FAX)
    Website: www.buffalo-oil.com
    or
    Pocaterra Energy Inc.
    Corey Heerensperger
    President and C.E.O.
    (403) 265-2598
    Email: corey@pocaterra-energy.com
    or
    Pocaterra Energy Inc.
    910, 330 - 5th Avenue S.W.
    Calgary, Alberta T2P 0L4
    (403) 265-2598
    (403) 265-1171 (FAX)