Thunderbird Energy Corp.: Gordon Creek Completion Program Update
Published : December 21, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Coal | K Street | Market | Natural Gas | Oil |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2012) - Thunderbird Energy Corp. (News - Market indicators)(OTCBB:TBDYF) (the "Company") today announced that it has recently commenced production from all 8 wells that were the subject of the Gordon Creek fall 2012 completion program. Gordon Creek field volumes are currently averaging 5,265 mcf/day raw natural gas (4,975 mcf/day sales gas). Of this total, approximately 4,200 mcf/day raw gas (3,970 sales gas) is coming from the 8 new wells. At current production levels, Thunderbird's net share of gas sales is roughly 60% of gross sales after accounting for other partner interests including Sandstorm Metals & Energy Ltd. ("Sandstorm").

The Company will not be in a position to assess the peak potential of the new wells until the wells have had a chance to completely recover frac fluids and have also had sufficient time (potentially months) to dewater the coals. Depending on the relative contribution of production of gas from sand pay versus coal pay, some wells can reach their peak production relatively quickly while some wells can take 6 months or more to reach maximum production rates. Although the wells have only recently commenced production, the Company is observing increasing rates and estimates that it will be at least 2 to 3 months before the group of 8 wells approaches peak production.

The Company's original expectation for these eight new wells - based on the analog wells producing at the adjacent Drunkard's Wash field - was a first year average raw gas production rate of 460 Mcf/day per well. Initial indications are that that the current 8 well program is going to exceed this expectation and that the greater than anticipated pay thicknesses and porosities in the NW area of the Gordon Creek project are a significant factor in this result.

Given the better than expected initial productivity, the wealth of experience garnered from these initial 8 new drills and the fact that the necessary support infrastructure is now in place, Thunderbird is looking forward to planning an expanded 2013 Gordon Creek development program that will be focused almost exclusively on drilling additional wells. These initial results also put the Company on track to meet or exceed the minimum volume commitments for 2012-2013 set out in its development agreement with Sandstorm.

Thunderbird Energy is a Canadian-based oil and gas exploration and production Company with interests in the US Rockies and mid-continent regions.

Caution Regarding Forward-looking information

Information in this news release respecting anticipated petroleum and natural gas production, as well as the Company's proposed development operations and contractual commitments 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 unless required by applicable securities legislation.

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. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Thunderbird Energy Corp.
Rick J. Ironside, P. Eng MBA
President and COO
403-453-1608
rironside@thunderbirdenergy.com
or
Thunderbird Energy Corp.
800 - 555 4th Ave SW
Calgary, AB T2P 3E7
403-453-1608
or
Thunderbird Energy Corp.
Cam White
Chief Executive Officer
604-707-0373
cwhite@thunderbirdenergy.com
or
Thunderbird Energy Corp.
401 - 533 Smithe Street
Vancouver, BC V6B 6H1
604-707-0373
www.thunderbirdenergy.com

Thunderbird Energy Corp.

CODE : TBD.V
ISIN : CA3827351089
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Thunderbird Energy is an exploration gold company based in Canada.

Thunderbird Energy holds various exploration projects in USA.

Its main exploration property is WORLDBEATER in USA.

Thunderbird Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 16.0 millions as of today (US$ 15.4 millions, € 11.2 millions).

Its stock quote reached its highest recent level on December 09, 2002 at CA$ 1.00, and its lowest recent point on October 23, 2013 at CA$ 0.01.

Thunderbird Energy has 106 646 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Thunderbird Energy Corp.
6/22/2011Appoints Barry Brumwell as Vice President of Operations
5/16/2011Alan J. Walker Appointed to Thunderbird Energy Board of Dire...
Corporate news of Thunderbird Energy Corp.
6/1/2013Reports Year Ended January 31, 2013 Filings
5/16/2013Corporate Update
5/16/2013Corporate Update
3/28/2013Issues Shares to Sandstorm
12/21/2012Gordon Creek Completion Program Update
12/21/2012Gordon Creek Completion Program Update
11/21/2012Gordon Creek Land Acquisition and Completion Program Update
10/9/2012Gordon Creek Completion Program Update
7/13/2011Announces US$25 Million Energy Stream Agreement With Sandsto...
5/24/2011Announces Niobrara Oil Test Well
4/26/201115% Gas Linked Debenture Listing and New Issue
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TBD.V)FRANKFURT (M2Y.F)
0.150+1400.00%0.039+8.33%
TSX-V
CA$ 0.150
10/22 13:49 0.140
1400%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.150 1,400.00%
Volume 1 month var.
5,000 1,400.00%
24hGold TrendPower© : -44
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2013-94.74%0.200.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.16-3.03%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 3.98-0.13%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.76+1.62%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.50-3.47%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.19+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.76+1.33%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 2.06+2.49%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.40-13.41%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 4.53-4.63%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.16+3.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.35+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 4.17+1.71%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.79+0.46%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.08+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.27-10.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 1.41+0.71%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 0.48+3.23%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.02+2.81%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.18+2.94%Trend Power :