Thunderbird Energy (OTC Other: TBDYF; TSX-V: TBD) has commenced drilling and workover operations at the Company’s Gordon Creek natural gas field. This represents the commencement of a total program of 50 new wells and 5 workovers of existing wells to be carried out in 2011 and 2012. A substantial portion of the funding for these operations was provided through a $25 million commodity stream agreement with Sandstorm Metals & Energy announced July 13, 2011.
Further to the Company’s August 11, 2011 press release, the Southwest Regional Partnership on Carbon Sequestration’s (SWP) Carbon Capture and Storage (CCS) deployment phase (Phase III) which is sited at Gordon Creek, is proceeding with a variety of design and permitting activities. The initial focus of the field activities will include an extensive 3D seismic shoot in order to gain further understanding of the structure that is believed to host the previously discovered CO2 at Gordon Creek and to optimize the location of the initial CO2 source well to be drilled in 2012. The project will also be re-working the existing injection well at Gordon Creek in order to conduct a high rate combine CO2-Water injectivity test.