Thunderbird Reviews 2011 Achievements

February 15, 2012

Thunderbird Energy (OTC Other: TBDYF; TSX-V: TBD) updates investors on 2011 operations, beginning with the Company’s Gordon Creek natural gas field.  Over the next two years, phase 1 of a planned drilling and workover program will consist of 50 new wells and 5 workovers of existing wells.  In the 4th quarter of 2011, there were a number of delays stemming from the performance of various third party contractors, all of whom have been replaced.

To date, three wells have been drilled to depth, logged and cased for production and drilling of the 4th well is nearing total depth. An additional 6 surface holes were drilled and cased in January by a separate, smaller drilling rig that was employed for that purpose. This should speed up future drilling and ultimately reduce overall drilling costs.  Based on log analysis, all three wells drilled to depth so far encountered the Ferron formation as expected, with apparent sand and coal pay thicknesses that equaled or exceeded the Company’s prognosis. Initial production rates will not be determinable until the wells are fracture stimulated, equipped and tied in accordance with the Company’s Gordon Creek best practices protocol. The Company anticipates mobilizing a frac crew to Gordon Creek, once an additional 4 to 6 wells have been drilled and cased, which is anticipated to occur in March or early April. The workover operations are scheduled to commence following the end of the winter closure restrictions on April 15.

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Thunderbird Energy Update

October 28, 2011

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.

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Thunderbird Energy’s Gordon Creek Site Visit Report by Andy Hoffman

September 2, 2011

Our very own “Ranting” Andy Hoffman recently visited Thunderbird Energy’s (TSX-V: TBD and OTC Other: TBDYF) Gordon Creek natural gas project in central Utah and penned an excellent Travel Dispatch from the field which we have included a link to below.

Every now and again in this business we get to see the stars align for a company in such a way that the odds of significant future value creation are stacked heavily in the Company’s favor. As you will see from reading this comprehensive report, the forces that have combined to create this asymmetric nexus for Thunderbird include; a large, highly-charged, low-cost structure gas field; an experienced and highly capable technical team; and an extremely favorable funding partner (Sandstorm Metals and Energy) to capitalize the drilling of 50 new development wells and 5 workovers. 

Wishing everyone a safe and happy Labor Day Weekend and here is that link:


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

August 29, 2011

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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Carbon Storage Project at Thunderbird Energy’s Gordon Creek Natural Gas Field Moving Forward with Field Operations

August 11, 2011

Thunderbird Energy Corp. (TSX-V: TBD and OTC Other: TBDYF) announced today that the Southwest Regional Partnership on Carbon Sequestration’s (SWP) Carbon Capture and Storage (CCS) deployment phase (Phase III) to be sited at Thunderbird’s Gordon Creek natural gas project located in Carbon County, Utah, is moving forward with field operations.

In a letter out to shareholders this morning, Thunderbird CEO, Cameron White wrote:

We are very pleased to report that we have received formal approval to proceed with the South West Partnership’s carbon sequestration project situated at our Gordon Creek site.  A tremendous amount of design, analysis and planning have gone into the project over the last two years and we are very excited to see these efforts come to fruition.

This project, combined with our recently announced $25 million Sandstorm development financing agreement will mean that over $50 million will be spent at Gordon Creek with no dilution to our shareholders. 

There are multiple benefits to Thunderbird.  I would group them into 3 general categories:

1.         Assets and Knowledge – Nearly $25 million of DOE funding will be invested in seismic, drilling new wells, surface equipment and infrastructure that we will inherit and we can use for future natural gas development.  In addition to the tangible assets and equipment, it will greatly add to our existing Gordon Creek information and knowledge base.

2.         CO2 Reserves – One of the main reasons for situating this project at Gordon Creek is that historical drilling has established the existence of known pools of CO2 at a depth of roughly 12,000 feet below surface.  Various studies conducted by the DOE, the USGS and various academic institutions have estimate the CO2 reserve potential anywhere from 140 Bcf to 1.3 Tcf.  It is hoped that the deep CO2 source wells to be drilled can help convert these resource estimates into booked reserves.  There are various markets for CO2, but one of the largest is for enhanced oil recovery from mature oil fields and there are a number of large oil fields near us in Utah that are potential candidates.  For those of you who are interested in learning more about this business, you might want to have a look at one of the leading players – Denbury Resources, Inc. (NYSE:DNR)

3.         CO2 Sequestration – In the event that the need for CO2 sequestration becomes a commercial reality, we will have a huge competitive advantage in terms of capitalizing on the opportunity.  The barriers to entry – ranging from acceptable geology, through to obtaining all required federal, local and environmental approvals – are immense.

In summary, this represents another important milestone for Thunderbird.  As always, please do not hesitate to give us a call if you would like to learn more about the project or any other aspect of our operations.

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

July 13, 2011

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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Thunderbird Energy Raises $2 Million

June 22, 2011

Thunderbird Energy (OTC Other: TBDYF; TSX-V: TBD) has been provided a US$2 million unsecured, interest-bearing loan.  This loan is related to a larger project financing for which the Company is in discussions and which would provide the Company with the necessary capital to develop its Gordon Creek, Utah natural gas field over the next two years.  To the extent the project financing is completed, the loan would become immediately repayable.  Otherwise, the loan becomes due in one year.

Thunderbird also issued gas linked debentures in the amount of $342,000.

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