Buffalo Resources Year-End Reserves Value Increases 53%
Buffalo Resources Corp. ("Buffalo" or the "Company") (TSX VENTURE:BFR) is pleased to announce the results of its independent reserves evaluation as at December 31, 2008. The evaluation was prepared by Paddock Lindstrom & Associates Ltd. ("PLA") using forecast prices and cost assumptions, in accordance with the reserves definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook and the results are presented in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") (the "2008 PLA Report").
- Published: 23 March 2009
- Written by Editor