Bronco Energy's $69.7 Million Prospectus Offering

Bronco Energy Ltd. closed a $69.7 million offering of 4,725,000 common shares, at a price of $14.75 per share, closing on $63,056,250 on June 30, 2008, and on $6,637,500 on July 30, 2008, pursuant to the exercise in full of an over-allotment option. Macquarie Capital Markets Canada Ltd. and RBC Capital Markets acted as co-lead underwriters in a syndicate that included GMP Securities L.P., CIBC World Markets Inc., Genuity Capital Markets and Thomas Weisel Partners Canada Inc.

Bronco Energy Ltd. was represented by Fraser Milner Casgrain LLP, with a team that included John Reynolds, Bill DeJong, Bill Jenkins, Irene Ludwig, Matthew Sudak (securities) and Derek Kurrant (tax). The underwriters were represented by Blake, Cassels & Graydon LLP, with a team that included Scott Cochlan, Chris Prokop (securities) and Ted Thiessen (tax). Dan Miller of Dorsey & Whitney LLP acted as US counsel to Bronco.