Thunderbird Completes $25 Million Energy Stream with Sandstorm Metals & Energy

Thunderbird Energy (OTC Other: TBDYF; TSX-V: TBD) has closed the US$25 million hydrocarbon purchase agreement with Sandstorm Metals & Energy Ltd., proceeds from which 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. The initial stage of the development program, consisting of 15 new wells and the re-working of 5 existing wells, is expected to commence in September. The remaining 35 wells are scheduled for drilling in 2012.

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