Bucking Horse Energy Inc. reported consolidated earnings results for the six months ended June 30, 2009. For the period, the company reported net loss of $4,853,537 and EBITDA was $1,307,343 compared to net income of $6,238,588 and EBITDA of $12,996,687 for the same period a year ago. Net cash flow provided by operating activities was $931,586 and cash flow from operations before change in net working capital was $1,194,713 compared to net cash flow provided by operating activities of $9,202,557 and cash flow from operations before change in net working capital of $9,226,912 for the same period a year ago.

Bucking Horse Energy Inc. reported consolidated earnings results for the second quarter ended June 30, 2009. The company reported net revenue of $2,758,027, net operating income of $47,881, net loss of $4,458,584 or $0.19 diluted share compared to net revenue of $4,961,757, net operating income of $2,160,916, net loss of $6,356,404 or $0.23 diluted share for the same period a year ago. Cash from operations was $1,272,878 against $9,159,203 for the same period a year ago.

Bucking Horse Energy Inc. reported consolidated earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported total operating revenue was $3,328,896. Net income decreased to a loss of $394,953 against $117,815 for the same period a year earlier. Net earnings before taxes was $317,092. Earnings before interest, taxes, depreciation and amortization increased to $2,613,546 compared to the period ended February 29, 2008 of $50,887. Cash flow from operations was negative $341,292 against cash flow provided by operating activities of $43,355 for the same period a year earlier.