GREY:STTYF - Post by User
Post by
gjervison Nov 21, 2012 5:31pm
260 Views
Post# 20629416
Gordon Creek Land Acquisition and Completion Progr
Gordon Creek Land Acquisition and Completion Progr https://www.thunderbirdenergy.com/s/NewsReleases.asp?ReportID=558651&_Type=News-Releases&_Title=Gordon-Creek-Land-Acquisition-and-Completion-Program-Update
Vancouver, British Columbia, November 21, 2012 - Thunderbird Energy Corp. (TSX-V: TBD; OTC: TBDYF) (the "Company") today announced that further to the Company's news release dated October 9, 2012, the build-out of the Gordon Creek infrastructure is now substantially complete, the well sites are prepared and equipped, and the Company has begun the process of bringing the wells online through our upgraded compression facility. The Company anticipates providing a further update in early December once all of the wells are online and initial production rates have begun to stabilize. Although issues with certain suppliers have caused minor delays in recent weeks, the Company continues to be encouraged by the progress of the operations.
Thunderbird is also pleased to announce the acquisition of approximately four sections (2,479 acres) of new mineral leases in the Gordon Creek area. These lands were acquired at a BLM mineral rights auction held in Salt Lake City on November 13, 2012 and represent an approximate 20% increase in Thunderbird's Gordon Creek land position. This new acreage adds up to 18 new locations and brings our undrilled location inventory- based on a four well per section density - to approximately 85. Of those locations, 47 are surveyed and in the advanced stages of surface acquisition, permitting and licensing.
Thunderbird Energy is a Canadian-based oil and gas exploration and production Company with interests in the US Rockies and mid-continent regions.