Your browser does not support script
Gordon Creek Energy

Show printable version of 'Thunderbird Provides Gordon Creek Drilling Update' in a New Window

News Releases
 November 19, 2007
Thunderbird Provides Gordon Creek Drilling Update

 Vancouver, British Columbia, November 19, 2007 - Thunderbird Energy Corp. (TSX-V: TBD) (the "Company") today announced that it has completed drilling and logging the GCS 2-29-14-8 well at the Gordon Creek natural gas prospect, Utah. Geological data indicates that the well intersected the target Ferron Formation which is productive at Gordon Creek as well as the neighboring Drunkard's Wash gas field owned by Conoco Phillips. The Ferron is a cretaceous aged fluvial deltaic formation consisting of a sequence interbedded sands, shale, and coals.

The Open Hole Logs indicate approximately 26 feet of net sand pay in the GCS 2-29, including 16 feet of pay in the primary target, and 10 feet of pay in the secondary target. The sands in these two targets are well developed and display similar porosity and resistivity to the offsetting producing wells. The logs also indicate that there is a potential tertiary target in the well -- which could be characterized as unconventional shale gas. Overall, these results are consistent with and comparable to other commercial wells at Gordon Creek.

Production casing is currently being set and completion operations will commence within the next 2 weeks. Once the drilling rig has been released from the GCS 2-29 location it will commence drilling the neighboring GCS 1-30-14-8 location.

Drilling operations at the 3-20-14-8 well are ongoing, although the well is somewhat behind schedule do to start up and early drilling difficulties. Surface casing has now been set at 2000 feet and the well is expected to reach TD at approximately 3800 feet later this week.

Thunderbird anticipates providing further updates as drilling progresses over the next 4 to 6 weeks.

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 Weston County, Wyoming.

For more information, contact:
Cam White
President and CEO
847 Hamilton Street
Vancouver, B.C. V6B 2R7
Tel: 604-707-0373.
Fax: 604-707-0378
847 Hamilton Street, Vancouver, B.C. V6B 2R7
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.

You can return to the Top of this page