Buffalo Resources Corp.
TSX VENTURE : BFR

Buffalo Resources Corp.

December 22, 2008 08:00 ET

Buffalo Resources Receives ERCB Holding Approval at Frog Lake

CALGARY, ALBERTA--(Marketwire - Dec. 22, 2008) - Buffalo Resources Corp. ("Buffalo" or the "Company") (TSX VENTURE:BFR) Buffalo announced today that it has received approval from the Energy Resources Conservation Board ("ERCB") of its holding application for a Primary Recovery Scheme which allows for increased well density of producing oil wells at Frog Lake, Alberta. All Buffalo's operated properties at Frog Lake can now be developed in a manner consistent with other fields in the surrounding area, generally allowing for four hectare spacing per well with a minimum interwell distance of 100 metres. With this approval in place, Buffalo can commence its development drilling program comprised of 150 to 250 wells over the next two to four years.

Early in the new year, Buffalo will provide an update on the timing and number of wells that it intends to drill at Frog Lake in 2009.

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. Buffalo's 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 will derive therefrom. Buffalo disclaims 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

  • Buffalo Resources Corp.
    Trevor Penford
    Snr. VP and C.F.O.
    (403) 252-2462
    (403) 252-1399 (FAX)
    Email: tpenford@buffaloresources.com
    or
    Buffalo Resources Corp.
    William (Bill) Trickett
    President and C.E.O.
    (403) 252-2462
    (403) 252-1399 (FAX)
    Email: btrickett@buffaloresources.com
    or
    Buffalo Resources Corp.
    Suite 410, 396 - 11th Avenue S.W.
    Calgary, Alberta T2R 0C5
    (403) 252-2462
    (403) 252-1399 (FAX)
    Website: www.buffaloresources.com