| ||November 29, 2007|
Thunderbird Drills 2nd Well at Gordon Creek
| ||Vancouver, British Columbia, November 29, 2007- Thunderbird Energy Corp. (TSX-V: TBD) (the "Company") today announced that it has completed drilling and logging the GCS 3-20-14-8 well at the Gordon Creek natural gas prospect, Utah. The GCS 3-20 well intersected the target Ferron Formation, which was intercepted at roughly the same depths as the neighboring GCS 2-29-14-8 well. Thunderbird owns a 100% working interest in both wells.|
The Ferron is a cretaceous aged fluvial deltaic formation consisting of a sequence interbedded sands, shale, and coals. The Ferron is productive throughout Gordon Creek and has produced nearly 1 TCF of gas at the adjacent Drunkard's Wash gas field owned by Conoco Phillips
Overall, the logs at the GCS 3-20 well look very similar to the GCS 2-29 well, with 3 apparent, well developed sand targets. Again, these logs are consistent with and comparable to other commercial wells at Gordon Creek. Production casing has been set, the rig has been released and the well has been prepared for completion operations.
Drilling is well underway at the 3rd well in the program, the GCS 1-30-14-8 well, in which Thunderbird holds a 50% working interest. Surface casing has been set at 2000 feet and the well will be drilling ahead to its target depth of 3900 feet over the next few days.
A service rig has been contracted and completion operations will commence within 48 hours, starting with the GCS 2-29. The completion protocol for the Ferron formation wells at Gordon Creek calls for perforating and acidizing the target pay zones.
"We are very encouraged by the results to date," stated Mike Worthington, Thunderbird's Vice-President of Operations. "We have had numerous gas shows and very good logs. We are eagerly awaiting the results from the upcoming completion operations."
Thunderbird anticipates providing further updates as drilling progresses over the next month.
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:
President and CEO
THUNDERBIRD ENERGY CORP.
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