| ||October 18, 2007|
Thunderbird Closes First Stage Of Macquarie Financing
| ||Vancouver, British Columbia, October 18, 2007- Thunderbird Energy Corp. (TSX-V: TBD) (the "Company") today announced that it has closed the $2 million demand loan facility, which represents the first stage of the overall $50 million facility with Macquarie Bank announced October 5, 2007. Closing of the revolving loan facility is pending completion of due diligence and documentation.|
Thunderbird Energy is a Canadian based oil and gas company, with offices in Calgary and Vancouver, that is focused on acquiring and developing untapped oil and natural gas opportunities, primarily in the United States. Thunderbird currently owns and operates the Gordon Creek natural gas field in Utah and holds a 50% working interest in a producing light oil project in Rush County, Kansas. Thunderbird's other holdings include a New Brunswick oil and gas exploration project adjacent to the Stoney Creek field. Thunderbird has pending agreements to substantially expand its Gordon Creek acreage and to acquire a large, high impact oil exploration project in Wyoming.
For more information, contact:
President and CEO
THUNDERBIRD ENERGY CORP.
847 Hamilton Street
Vancouver, B.C. V6B 2R7
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or the adequacy of this press release.
Caution Regarding Forward- looking information
Information in this news release respecting the reserves valuations, expected production levels, prices and anticipated total oil and gas recoveries 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.
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.
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