11:39 AM EST - Buffalo Resources Corp. : reported a second-quarter loss of $9.98 million versus a profit of $5.03 million in the prior year. Loss per share for the quarter was $0.13 compared with $0.07 profit in the comparable period. Revenue for the latest quarter plummeted to $9.2 million from $24.54 million a year ago, reflecting the combination of lower sales volumes and selling prices. Also, Buffalo Resources said it entered into a letter of intent for the purchase of all of the oil and gas interests of a joint venture partner for cash consideration of $7.7 million. Buffalo Resources Corp.
shares V.BFR are trading even at $0.54.
