Buffalo Gets Approval for Frog Lake Development

Buffalo Resources Corp. 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 meters. 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.