Thunderbird Energy Operations Update
October 28 2011 - 8:01AM
Marketwired
Thunderbird Energy Corp. (TSX VENTURE:TBD)
(FRANKFURT:M2Y)("Thunderbird" or the "Company") today announced
that drilling and workover operations are underway at the Company's
Gordon Creek natural gas field. This represents the commencement of
a total program of 50 new wells and 5 workovers of existing wells
to be carried out in 2011 and 2012. A substantial portion of the
funding for these operations was provided through a $25 million
commodity stream agreement with Sandstorm Metals & Energy
announced July 13, 2011.
Further to the Company's August 11, 2011 press release, the
Southwest Regional Partnership on Carbon Sequestration's (SWP)
Carbon Capture and Storage (CCS) deployment phase (Phase III) which
is sited at Gordon Creek, is proceeding with a variety of design
and permitting activities. The initial focus of the field
activities will include an extensive 3D seismic shoot in order to
gain further understanding of the structure that is believed to
host the previously discovered CO2 at Gordon Creek and to optimize
the location of the initial CO2 source well to be drilled in 2012.
The project will also be re-working the existing injection well at
Gordon Creek in order to conduct a high rate combine CO2-Water
injectivity test.
Thunderbird Energy is a Canadian-based oil and gas exploration
and production Company with interests in the US Rockies and
mid-continent regions.
Caution Regarding Forward- looking information
Information in this news release respecting anticipated natural
gas development operations and the carbon sequestration project
constitutes forward-looking information. Statements containing
forward-looking information express, as at the date of this news
release, the Company's plans, expectations, or beliefs as to future
events or results are believed to be reasonable based on the
information currently available to the Company. The Company does
not undertake to update any such forward-looking statements unless
required by applicable securities legislation.
Statements including forward-looking information involve known
and unknown risks, uncertainties and other factors which may cause
the actual results of the Company and its operations to be
materially different from estimated costs or results expressed or
implied by such forward-looking statements.
There can be no assurance that forward-looking statements will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. Readers
should not place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Thunderbird Energy Corp. Cam White, Chief Executive
Officer 604-707-0373 401 - 533 Smithe Street, Vancouver, BC V6B
6H1cwhite@thunderbirdenergy.com Thunderbird Energy Corp. Rick J.
Ironside, P. Eng MBA, President and COO 403-453-1608 800 - 555 4th
Ave SW, Calgary, AB T2P
3E7rironside@thunderbirdenergy.comwww.thunderbirdenergy.com
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