Thunderbird Energy Announces US$25 Million Energy Stream Agreement With Sandstorm Metals & Energy

In a release out this morning, Thunderbird Energy Corp. (TSX-V: TBD and OTC Other: TBDYF) announced a US$25 million hydrocarbon purchase agreement with Sandstorm Metals & Energy Ltd. Proceeds from the Agreement will provide a substantial portion of the financing required for a two-year development program at Thunderbird’s Gordon Creek, Utah natural gas property that will include drilling 50 new wells and re-working 5 existing wells.

In the release, Rick Ironside, President of Thunderbird stated: “We are very pleased to announce this innovative financing arrangement with Sandstorm that will have a transformative effect on our company. We have reviewed a number of financing proposals over the last couple of years and feel that the Sandstorm structure offers us the best opportunity to aggressively develop our Gordon Creek field in a manner that allows us the greatest flexibility, while also maximizing the benefit to our shareholders and debenture holders.”

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