| ||September 07, 2006|
Thunderbird Energy Commences Second Phase of Workover Operations at Gordon Creek Project
| ||2 New Wells Planned for Fall|
Vancouver, British Columbia---September 7, 2006---Thunderbird Energy Corp. (TSX-V: TBD "Thunderbird") is pleased to announce it has begun the second phase of a workover program designed to increase production levels at its Gordon Creek Project in Carbon County, Utah.
The first phase of the workover program was conducted in May and June and achieved significantly increased production levels on two of four producing wells on the Gordon Creek Project. The second phase will carry out similar workover operations on two producing wells and one of the four shut in wells, and will be conducted with joint venture partner Fellows Energy Ltd. over the next 2 to 3 weeks. Cash flow from existing operations was used to fund phase one of the workover program and will also be used to fund the bulk of phase two.
Workover operations to be performed include treating upper water zones to block water entry, lowering bridge plugs to allow production from the lower gas zones, as well as re-positioning and reconfiguring pumps to maximize production. Two malfunctioning pumps will also be replaced, and other routine maintenance work will be completed.
Thunderbird Energy is also pleased to announce plans for a fall drilling program at Gordon Creek. Two new wells are scheduled to be drilled and completed this fall, the timing of which will depend on permitting, rig availability and weather conditions. The new well locations are in the vicinity of currently producing Gordon Creek Unit #1, which was drilled in 2002 and initially achieved sustained production rates of over 1 mmcf/day. A drilling rig that worked extensively on the adjacent Drunkard's Wash gas field has been sourced to carry out the fall drilling program.
"We've mapped out a strong program for the fall in terms of workovers and new drilling that should enable us to significantly increase production rates in time for the winter gas season," said Cameron White, President of Thunderbird Energy. Mr. White noted that, "The work to be done this fall will add significantly to the knowledge base we will use to drill out the balance of the acreage starting next spring."
The Gordon Creek project is an extension of the highly successful Drunkards Wash field owned and operated by Conoco/Phillips. The Gordon Creek Project comprises 5,953 gross acres (4,879 net acres) and contains four currently producing gas wells and four shut in wells, two of which have previously produced. Gas from Gordon Creek is marketed into a transmission pipeline operated by Questar Gas Resources that crosses the property. An associated gas gathering system consisting of 10 kilometers of pipeline and a scaleable compression facility services the project as well as adjacent production.
Thunderbird is also announcing today that it has dropped its option to acquire the S310 Gold prospect in Humboldt County, Nevada, in order to allow the corporation to focus its efforts and resources on its energy related assets.
Thunderbird Energy is a Canadian based oil and gas company that owns a 50% interest in the Gordon Creek natural gas field in the State of Utah, USA. Thunderbird's other holdings include a New Brunswick oil and gas exploration project in partnership with Contact Exploration, who are currently exploring their adjacent Stoney Creek field. Thunderbird is also actively reviewing a variety of new oil and gas opportunities with a view to significantly expanding our operations in both Canada and the United States.
For more information, contact:
President and CEO
THUNDERBIRD ENERGY CORP.
847 Hamilton Street
Vancouver, BC V6B 2R7
CLARK AVENUE COMPANY INC.
103 Clark Avenue East
Toronto, Ontario L3T 1T1
Tel.: (905) 882-4422
Fax: (905) 882-4435
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Visit our website at www.thunderbirdenergy.net
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