Thunderbird Energy Corp. (TSX VENTURE:TBD) (FRANKFURT:M2Y) ("Thunderbird") today
announced that its farm out partner Ascent Exploration, Inc. ("Ascent") is about
to spud its first vertical well to test for Niobrara and Dakota potential under
Thunderbird's 5240 acre leasehold in Weston County, Wyoming. 


Thunderbird's leasehold is located along the NW-SE trending up dip flank of the
red hot Niobrara play which is being referred to by some as the "NeoBakken",
suggesting its potential comparison to the extremely prolific Bakken shale oil
play. Historical vertical Niobrara wells near Thunderbird's lands have performed
comparably with vertical wells on trend and in the hottest areas of the play.
However, it is only very recently that the implementation of horizontal
"multi-frac" stimulation technology has begun to unlock the commercial potential
of oil from the Niobrara. Thus in 2010 other operators licensed horizontal wells
on both sides (east and west) of Thunderbird's acreage. Pending a successful
outcome of the initial test well Thunderbird expects to commence a horizontal
well development program.


As previously announced, Thunderbird's lands are also positioned in a prolific
Dakota formation oil producing region, There are multiple large fields in the
area including the 27.5 MMBO (produced) Coyote Creek and Coyote Creek South
pools that lie roughly eight miles to the north west. Extensive seismic 2D
coverage has led to the belief that the Dakota formation, at approximately 7000
feet below Thunderbird's lands, is prospective for Dakota oil. The initial test
well will target the Dakota formation as well as the shallower Niobrara.


Thunderbird Energy is a Canadian based oil and gas exploration and production
Company with interests in the US Rockies and mid-continent regions.
Thunderbird's holdings include the Gordon Creek, Utah natural gas field, the
Rush County, Kansas light oil project and a light oil exploration project in
Weston County Wyoming. 


Caution Regarding Forward- looking information

Information in this news release respecting the reserves valuations, expected
production levels, prices and anticipated total oil and gas recoveries
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. 


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.


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