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BFR Buffalo Resources Com Npv

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Buffalo Resources Com Npv TSXV:BFR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Buffalo Resumes Production at Pincher Creek

21/07/2009 1:00pm

Marketwired Canada


Buffalo Resources Corp. ("Buffalo" or the "Company") (TSX VENTURE:BFR) is
pleased to announce that production operations have resumed at its Pincher Creek
gas property following an eleven month shut-in during modifications to optimize
Shell Canada's Waterton Gas Plant. During start-up of the Waterton plant,
Buffalo is restricted to a maximum production rate of 10.5 MMcf/d of raw gas
which is equivalent to approximately 5.8 MMcf/d of sales gas and 172 b/d of
condensate, or 1,135 boe/d.


Start-up began on Thursday July 16, 2009 and the field is currently producing at
the restricted rate of 10.5 MMcf/d from only three of the six productive wells,
including Buffalo's new 11-28-004-29W4 horizontal well.


The 11-28 dual leg horizontal well was drilled and completed in June 2008 and
was subsequently stimulated using a staged acid fracture treatment, the first
stimulation of this type in the Pincher Creek field. At that time, well testing
was limited by the shut-in of the Waterton plant and regulatory restrictions on
the flaring of natural gas. During the current start-up, the well produced at
initial rates of up to 7.75 MMcf/d of raw gas plus condensate.


Bill Trickett, the Company's President and CEO, stated, "The results of the
11-28 horizontal well support our future exploitation plans at Pincher Creek.
Buffalo holds a working interest of almost 100% in 42 sections of land, has
recently acquired complete 3D seismic coverage over the property, and wells in
the field are generally assigned a 50 year reserve life."


Including 1,135 boe/d of production from Pincher Creek, Buffalo's corporate
average daily production rate is currently approximately 3,900 boe/d. Buffalo is
a Canadian junior oil and gas company engaged in the exploration, development
and production of oil and gas reserves in the provinces of Alberta and
Saskatchewan.


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. 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.


Barrels of oil equivalent (Boe's) may be misleading, particularly if used in
isolation. A boe conversion ratio of 6 Mcf of gas = 1 Bbl of oil is based upon
an energy equivalency conversion method primarily applicable at the burner tip
and does not represent a value equivalency at the wellhead.


1 Year Buffalo Resources Com Npv Chart

1 Year Buffalo Resources Com Npv Chart

1 Month Buffalo Resources Com Npv Chart

1 Month Buffalo Resources Com Npv Chart