09:55 AM EST - Buffalo Resources Corp. : reported first-quarter net loss of $469,000 or $0.01 per share, compared to net income of $1.9 million or $0.03 per share last year. Revenue plunged to $8.8 million from $20.63 million in the prior year. Buffalo's average daily production of oil and natural gas was 2,890 boe/d for the first quarter of 2009. In light of the marked improvement in operating fundamentals, Buffalo plans to commence drilling the first 30 wells of its Frog Lake drilling program in June 2009. Buffalo Resources Corp.
shares V.BFR are trading down $0.07 at $0.60.
