Rolling Thunder Exploration fka ROLA

[kanzler]

Action Energy Inc. (AEC - TSX Venture Exchange) Capital Program and Activity Update

CALGARY, Aug. 29 /CNW/ - Action Energy Inc. ("Action" or the "Company")
has drilled 15 wells in late Q2 and Q3 in the areas of Sylvan Lake,
Lloydminster, McLeans Creek, Karr and Galahad, spending approximately
$10 million.

In the Lloydminster area, the Company drilled 10 wells - one deepening
well for water disposal and a successful 9-well conventional heavy oil program
targeting the Lloydminster and Sparky zones. With the Company's experience in
the area and the successful program in the first quarter, the Company was able
to again complete the program below budget. The additional production has been
tied-in to the existing operated facilities with minimal capital spent on
expansion. All nine producing wells are on production with the remaining one
disposal well expected to be operational by the middle of October.

Results from the exploration program have been encouraging with the
Company's 100% working interest well at Sylvan Lake reaching total depth in
late June, encountering 9 metres of net pay out of 20 metres of gross oil
column in the Leduc primary target. Action has completed the well and will be
proceeding with the tie-in of the well and the installation of artificial lift
equipment by mid-September and production expected by the end of the third
quarter.

Action's Puskwaskau well drilled in the first quarter, the first of the
five-well exploration commitment in the Peace River Arch Farm-in area,
encountered only negligible oil and gas shows in the deeper primary targets,
and was therefore non-commercial. The well is being completed as a natural gas
well in the uphole Belloy Formation.

The Company drilled two more 100% working interest wells in the McLeans
Creek area making them the second and third wells of the five-well commitment
in the Peace River Arch Farm-in. The first McLean's Creek well at
06-26-073-21W5 resulted in a cased Gilwood oil well that is awaiting
completion. With successful completion, production is expected by the end of
October. The second McLeans Creek well at 102/16-36-073-21W5 is currently
drilling ahead as a PreCambrian target. With success, completion of the well
is expected to occur in September with production planned in October. Prior to
the end of the year, the Company will drill the remaining two wells on the
farm-in lands with one well in the West Calais area and another in the McLeans
Creek area.

Action has a 48.24% working interest in the drilling of a high-impact
exploratory well at Karr in our Peace River Arch core area, targeting natural
gas and condensate (52: API light oil) in the Beaverhill Lake Formation. This
well was triggered in part by a prolific well on offsetting lands drilled by
Action's farm-in partner. This non-operated well was spudded in early July and
drilling operations are still continuing. Action hopes to have completion
results before the end of the quarter.

At Galahad, the Company drilled a 69.7% working interest natural gas well
that has been cased for Ellerslie and Glauconite natural gas. Completion is
expected to commence in September. With a successful completion, production is
planned to begin in October.

In addition to the drilling program, five of the six shallow natural gas
wells drilled in the first quarter were tied-in and brought on production in
late July and August, with the remaining one well scheduled for mid-September.

As previously announced, the Company has signed a strategic 23.75 section
farm-in in the Jensen area of Southern Alberta. Under the terms of the
agreement, Action has the right to earn a 100% working interest in all P&NG
rights below the base of the Bow Island by drilling at least two Mississippian
test wells prior to October 15, 2007. The Company has determined locations for
three wells and is commencing with the licensing procedures for the wells.

With the completion of the Rolling Thunder Exploration Ltd. acquisition,
Action plans to continue with the outstanding commitments made by Rolling
Thunder management and will continue to evaluate its plans on the newly
acquired assets.

[kanzler]

Action Energy Inc. and Rolling Thunder Exploration Ltd. Announce Receipt of Shareholder and Court Approval in Respect of Plan of Arrangement

Calgary, AB – August 28 2007 – Action Energy Inc. (TSX: AEC) (“Action”) and Rolling
Thunder Exploration Ltd. (TSX: ROL.A and ROL.B) (“Rolling Thunder”) are pleased to
announce that the shareholders of Rolling Thunder have voted today to approve the previously
announced Plan of Arrangement (the “Arrangement”) which provides for the combination of
Action and Rolling Thunder. The combined entity will continue to operate under the Action
Energy Inc. name and will be led by current Action management. The Arrangement was
approved by 96.4% of the Rolling Thunder Class A shareholders and 100% of the Rolling
Thunder Class B shareholders present in person or by proxy at the meeting.
Under the Arrangement, each Rolling Thunder Class A shareholder could elect to receive 0.333
of a common share of Action or $1.15 cash per Rolling Thunder Class A share (up to a maximum
aggregate cash amount of $8,556,640) and each Rolling Thunder Class B shareholder could elect
to receive 2.899 common shares of Action or $10.00 cash per Rolling Thunder Class B share (up
to a maximum aggregate cash amount of $1,443,360). The outcome of the shareholder elections
will result in the cash payment of $8,556,640 and the issuance of the 11,426,774 Action common
shares to Rolling Thunder Class A shareholders and the cash payment of $1,443,360 and the
issuance of 1,929,840 Action common shares to Rolling Thunder Class B shareholders. Action
anticipates payment of the foregoing cash amounts to the Depositary under the Arrangement on
or before August 30, 2007.
An order of the Court of Queen’s Bench of Alberta approving the Arrangement was subsequently
obtained at a hearing on the afternoon of August 28, 2007.
The Arrangement is expected to be completed on August 30, 2007. The Arrangement will result
in Action acquiring all of the issued and outstanding Class A and Class B shares of Rolling
Thunder.
Tristone Capital Inc. acted as financial advisor to Rolling Thunder and Jennings Capital Inc. acted
as financial advisor to Action.
Interested parties are referred to the Management Information Circular and Proxy Statement of
Rolling Thunder dated July 25, 2007, a copy of which is available electronically through the
SEDAR website at www.sedar.com, for further particulars of the proposed transaction.
Action Energy Inc. is a Calgary-based junior resource company engaged in the exploration,
development and production of natural gas and oil in Alberta and Saskatchewan. Action’s
Common Shares trade on the TSX Venture Exchange under the symbol “AEC.V”.

[kanzler]

My point of view: both companies can profit from the merger, and our chances for getting an appropriate stock price is much higher with AEC than it was with ROL. AEC has already had a higher analyst coverage and mutual funds invested. So the merger of these two companies is a good thing, in general.

But the question remains if the exchange ratio is fair.
If a substantial change in NAV happened since Dec 2006, I cannot rule out that the exchange ratio might be fair. But in this case a new reserve report should have been conducted and presented to us with the information circular. This is what I answered Roger Tang.
Since this was not done, I still believe that ROL shareholders should vote no to the merger.

[Snow_Deer]

Kanzler,

Does Mr. Tang's reply change your opinion about the merger?

Dee

[kanzler]

explanation of the exchange ratio

Today, I received an email from Mr. Tang, who explains the deal in an unexpectedly detailed manner:


Dear Mr. XXX,

Thank you for your interest in the affairs of the Corporation and the
Plan of Arrangement between ROL and Action.

To calculate the NAV of both companies, we have engaged two independent
investment bankers to provide us with their opinions.

The NAV of both companies is generally based on 1) Reserve valuations,
normally at 10% PT @Dec 31, 2006, adjusted for revisions after the
reporting period (Upward or Downward), 2) Land Base , 3) Valuation of
tax Pools, 4) In-the-money Options and Warrant Proceeds, 5) Debt, 6)
Others minor adjustments (such value seismic data base, etc), and
perhaps 7) Other intangible considerations (no real actual value
assignable).

In Q1 and Q2, Action have added substantial amount of oil production
volume and reserves values which was not included in the Dec 31, 2006
reporting period and therefore creating an upward adjustment in reserve
values. The drilling success has been reported but the valuation is not
included in the Dec 2006 report or in the quarterly report.

On the other hand, based on production history and unexpectedly
faster/actual natural decline, subsequent to the ROL's reporting period,
the reserve recovery factors used in some wells at Teepee Creek needed
to be adjusted downward, unfortunately, causing performance impairments
and decline in reserve values of ROL.

We have used the same pricings for both reserves and land evaluations,
and used the same methodology and approach to due with tax pools and
I-t-m options and warrants (if any).

All these combined, led to the proposed exchange ratios for both classes
of Common Share.

Other intangible considerations;

1) Action has a substantial inventory of high impact exploration
prospects, each if successful, could potentially double the production
of Action. Action does not include any production and cash flow from
exploration drillings in our forecasting. We are quite conservative in
our approach in managing cash flow.

2) Action has a substantial inventory of low-risk, repeatable
development drilling locations both in oil and natural gas to provide
steady growth for shareholders like you and me. We have drilled 28
short-leg horizontal development oil wells and 8 development gas wells
thus far from our inventory of 100s. The decision to drill more oil than
gas is subject to economics as you would expect.

3) Management and director have substantial amount of our own money in
the company and majority of our shares are also subject to escrow for a
number of years. Our interests are aligned with shareholders. We are not
just a "for hire" management team.

4) Rolling Thunder, based on their public release of production
guidance, and actual production in the last 6 months, has used a more
optimistic forecast, which is currently behind schedule. I am not
concluding or predicting that they will not meet their annual average
and/or exit production rate, but it will be a real challenge for ROL in
the next 6 months to meet their targets. Just my personal thought.

Action initiated and approached ROL in January of 2007 for a potential
Arrangement. At that time, ROL has forecasted ~ 1500 boepd in their
guidance. We felt, based on our knowledge and understanding of the play,
and experience, that the production guidance was a bit strong and has a
real risk of decline back to a lower level (~1000 beopd). We made a
decision to back off from the deal and risking of losing to our
competitors.

Mr. XXX, judging the current market conditions, I believe it is
advantageous to have a company with a strong footing and a critical mass
of assets and production to march forward. I believe it is beneficial to
combine both entities.

If you have further questions, please email or call me @ 403-264-1102
(direct line).

Yours Sincerely,

Roger Tang
Chairman and CEO
Action Energy Inc.

[bpr]

Received the proxy and information circular in today's mail.

[pericles]

I would say that if AEC hits oil on it's explortation well at Sylvan lake I will stick around otherwise I'm going to look for an exit from this company. The large land package does not interest me much, mostly heavy oil and shallow gas.

[pericles]

Kanzler I find it amazing Bolton has not put out his announcement yet. AEC has a much larger land package but amemic production at this point, I must say that I'm waiting to see what Bolton says but I have little interest in holding AEC shares at this time, I am thinking of going elsewhere with my money!

[The Wawh]

Kanzler, you are right

When we would have 42% of the new company, our current ROL-A share would be worth around $1.50 CND.

Well, that sounds a lot better to me. I see no reason for a 30% discount. On top of that, San Telmo was also cheaply bought by ROL-A.

Vote NO!

[kanzler]

NAV consideration

I have gone through Action's quarterly and annual report and come to these NAV figures:
ROL: $87.8 million
AEC: $120.9 million

Accordingly, ROL should get 42% of the combined company, but we are offered only 32%.
If there is no good explanation for this in the circular (which we are supposed to get before end of July), we should vote "no".

[kanzler]

Action Energy Inc. to acquire Rolling Thunder Exploration Ltd.
http://media.integratir.com/v.rol.a/PressReleases/ActionRol%20PlanArrangmnt.pdf

[pericles]

Maybe it is sensible but their was a rational reason to do it in the first place, and what was it? I am a US investor and am glad to know it will not affect my trading. It may make sense, only it seems like some kind of retreat to me and not sure I like it!

[The Wawh]

OT oldguy,

Thanks for your info. Maybe you have read my post on CYGX prior befor it got deleted. I hope so, as it was a nice one.

No hard feelings, it is good to have experienced traders on the board. I will look at the battery recommendation. Sensible move regarding future developments. I have long been looking for something with potential.

The main reason why I got into San Telmo (before the merger with Rolling Thunder) is that the need for oil is going up, the energy consumption is growing as the third world develops and the oil available is harder to get out of the ground.

In a stock game last year, I started with 100K and made 10 Mio. within 3 months mainly with oil future speculation. I am still sorry it was just on paper. At least I was nr. 3 of that year. It was a good learning experience too.

As an alternative energy I like hydrogen (H2), which can be made with (solar) energy and water (H2O). The advantage is that you can store H in a gastank. Hydrogen is an energy storage medium, not a primary energy source. You need batteries too, but above all, you need fuel cells (an electrochemical energy conversion device). Can you give me a tip on fuel cell manufacturers?

Thanks in advance. Have a good weekend and stay healthy.

[The Wawh]

Deregulation sensible solution

Why do the double work. Apparently the number of shares traded in the US is very low.

It is not that important where we are traded, it only counts what the SP does.

Rol.A is also traded in Berlin and Frankfurt.

[rawhide]

I just received an email from Peter Bolton who says "Deregulation done to save expense of dual reporting. Shares will continue trade on in Canada and the pink sheets."

[rawhide]

Pericles, have you spoken with anyone at the company? Do you know anybody there?

Thanks

[pericles]

Don't understand motivations behind this?



Rolling Thunder announces voluntary U.S. deregistration
6/21/2007
CALGARY, Jun 21, 2007 (Canada NewsWire via COMTEX News Network) --

Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Corporation") (TSX-V: ROL.A, ROL.B; OTO: RTHXF) today announced that it is voluntarily filing a Form 15F with the United States Securities and Exchange Commission (the "SEC") to terminate the registration of its class A shares (the "Shares") under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Corporation expects that termination of registration of its Shares will become effective 90 days after the date of filing of the Form 15F with the SEC. As a result of this filing, Rolling Thunder's obligation to file certain reports with the SEC, including an annual report under Form 20-F and reports on Form 6-K, will immediately be suspended.

As a TSX Venture Exchange listed reporting issuer, the Corporation will continue to meet its continuous disclosure obligations through filings with the applicable Canadian securities regulators. All of Rolling Thunder's filings can be found at the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Rolling Thunder is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's class A shares and class B shares are listed on the TSX Venture Exchange under the trading symbols "ROL.A" and "ROL.B", respectively.

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release.

SOURCE: Rolling Thunder Exploration Ltd.

To find out more about Rolling Thunder, visit our website at www.rollingthunderexploration.com, or contact: Peter Bolton, President & Chief Executive Officer, [phone], [e-mail]; Kamelia Wong, Chief Financial Officer, [phone], [e-mail]
Copyright (C) 2007 CNW Group. All rights reserved.

© 2007 Stockgroup Media Inc. | Disclaimer

[kanzler]

Iradesso report Q1/2007

request form at:
http://iq.bmir.com/index.php?page=subscription_form

As of May 31st, Juniors on average traded 2% below NAV (instead of a premium), that is the lowest figure I can ever remember.

The range is as large as 467% premium on the top (TwinButte) to 72% discount on the bottom (Silverwing).

In contrary to other high discount juniors (i.e. Yangarra, Silverwing, where the discount might be justified due to extremely high debt), Rolling Thunder's debt is only 60% of annualized cashflow.

[rawhide]

Bought 10,000 today @US .9183

[pericles]

I also believe it was bullish that the offering went so well with the over allottment being filled. I am buying more below a dollar it might be stupid but I think we could jump in a hurry with a successfull deep well. I follow a number of Juniors and this stock is as cheap as any. The only worry is the lack of land but that has not stopped them yet and don't expect it to in the future. Even if the deep wells are a failure I don't believe the stock will go much lower!

[rawhide]

Thanks WAWH

[The Wawh]

Rawhide, to me it seems

some people were discouraged because we might not meet the expectations regarding the amount of oil we might have pumped up at the end of the year.

Due to heavy rainfall there have been some delays. This is not new, as this has happened in the past to San Telmo a few times. Although not nice, it is quite normal when one takes the location of the fields into account. No one can be responsible for the weather. On some places San Telmo has improved the roadways, but not all drilling places are accessible under all weather conditions, especially not the new locations I presume.

On the long run, this does not change too much. The oil is still there. We just need a little bit more time to get it out.

Meanwhile the financial positions looks better again, due to the new placement and the higher gas and oil prices.

Due to the typical situation/size of junior explorers, it is hard to reach a certain level of production that will qualify you as a take over candidate.

I am confident that eventually ROL will too reach this critical number in BOE / cash flow / nett profits. If oil will rise, e.g. due to natural disaster or another conflict in OPEC countries, this moment might be there sooner than we expect.

IMO the current drop does not show the real value of ROL, but rather the perceived. Those who were not prepared to invest on the long term might have become nervous or disappointed and have sold their shares.

The fact that a new large investor is buying and that the placement went so well, assures me that things will at the end work out fine. IMO in 18 months we could well be above 2 CND.

[rawhide]

Bid .85; anyone know what is happening, or not happening?

[pericles]

Hey he's starting to sound like Bass, rain was one of his favorite excuses. Really liked his last presentation but it looks like their was some fluff in it, don't like to see that. Credibility is everything to me and Bolton is in a critical period, IMHO.

[oldguy]

to the wawh you asked where bruce mitchell buys he buys the canadian flow thru shares if you are not familar with them hers how they work depending on which providence you are in by the way canadian citizens only the tax write offs of the company go to the shareholders this is a one time deal not each year but it can amount to 40 to 60 percentof the money invested so if the investor was to buy from the company 1 share at one dollar and get a 2 year warrant to buy 1 share at 1.25 his total investment is one dollar they are subject to a 4 month hold period at the end of the hold period someone like mitchell who thinks the stock is under valued comes in and buys the large block at say 85 cents the sellers cost is only 40 to 60 cents so he has a nice profit and still has the warrants the sellers risk is the stock goes down during the 4 month hold period and no buyers emerge this was set up by the goverment to get investment funds for the oil gas and mineing industry if you look at the date of the transaction and then go out 4 months on many of these companys it is an excellant time to buy as they are often dumped on the open market and the stock will take a short term tumble best of luck THE OLD GUY

[The Wawh]

Thanks for the update Old Guy

I will hold too. Consider to buy more. Gas and oil will be rising again.

[oldguy]

I talked to bolton today yadayada yada says lots of rain up there putting them way behind they won't make thir early projections says they are activly seeking a merger feel it will help says the market is ignoring small companys with less then 3000 blds a day production will keep my postion for now best of luck to all THE OLD GUY

[kanzler]

ROLLING THUNDER ANNOUNCES CLOSING OF $8.6 MILLION PRIVATE
PLACEMENT

Calgary, Alberta, May 29, 2007 - Rolling Thunder Exploration Ltd. ("Rolling
Thunder") (TSX-V: ROL.A, ROL.B; OTO: RTHXF) is pleased to announce that it has
closed its previously announced bought deal private placement financing of 3,227,273
class A shares (the "Class A Shares") at a price of $1.10 per Class A Share and 3,803,705
Class A Shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada)
(the "Flow-Through Shares") at a price of $1.35 per Flow-Through Share, for total gross
proceeds of $8,685,002.05. The offering was led by Acumen Capital Finance Partners
Limited and included Clarus Securities Inc. and Dundee Securities Corporation. The
Class A Shares and Flow-Through Shares will be subject to a four month hold period, in
accordance with applicable securities legislation.

[kanzler]

Q1 report

http://www.newswire.ca/en/releases/archive/May2007/22/c3771.html

This is what they say about the deep well in the new pool:

EXPLORATION
As previously announced on April 12, 2007, Rolling Thunder's first quarter drilling program resulted in the discovery of a new pool at Teepee Creek. The discovery well flowed oil and gas at a combined rate of 225 boe/d over a 36-hour period. The first offset to this discovery is expected to spud in June 2007. The offset well will be an outpost to the recent discovery and
is being taken deep, to test an exciting exploration anomaly on the Corporation's 3D seismic.

[kanzler]

Pericles,

at first I didn't understand the PP either. But then I listened to the COPIC presentation a second time with focus on financials. When explaining the 3D-seismic slide at Teepee Creek, Peter Bolton said that the deep wells were not included in the $20 million 2007 budget. These wells will be drilled in a newly discovered pool at Teepee Creek - and of course could not have been foreseen when planning the budget.

So this can be taken as an announciation of a capital increase and it makes the private placement plausible. costs of deep wells in this region are in a range between C$1.5 aud C$5 million for drilling and completion.

[pericles]

I was not happy with the new shares, I felt they should have been fine with their credit line to drill at least one new deep well, and cash flow will handle the rest. Now they better show me what they need that money for and I'm not going to wait too long or I'm gone. I have the uneasy feeling that Mr. Bolton wants a bigger company either by drilling or by printing shares. I don't think he cares much how it's done, but I do!

[oldguy]

yes, I was lied to. I was told we would not see any more flow thru shares. But the new funding has them, always hurts the price. Makes you wonder if they are trying to dilute the percentage Mittchell owns.No matter what. It seems to have taken the stock out of play for now. THE OLD GUY

[rawhide]

Anybody know anything? Just a slow steady slde.

[stockup]

This deal IS good news. This means that there are folks out there (besides us) that see the low-hanging fruit this company represents and are willing to put their money up to have the chance to grab more.

The last financial report valued our shares around $1.90CDN and we've been trading well below that for some time. In a normal situation, most gas & oil stocks trade at a value of 3-5 times their P/E ratio. ROL, under normal trading volumes, should approach this in the not to distant future. This means that, as of today, we're probably at least $3-$5 below a normal trading range.

The investors putting up the $8 million know this and will be patient until ROL is back on everyone's radar screen and starts trading for what it's really worth. If there was a time to back the truck up, now is it, IMO. (If you can find enough sellers at this price that is)

JR

[The Wawh]

Good news

In general Private Placements are sold way below the actual value, in order to give the 'investors' some apperite. So, if way too low, means 3 cent below yesterdays price, that is fine with me.

The share prices we not following any reason anyway last few weeks. But it might go down first additionally, remember the San Telmo conversion, where people liked to shoot themselves in the foot, it went down to almost the bottom. I got in at the lowest prices and sold partly at last year's highs. So whatever, it is fine with me.

After all those recent presentations, the good thing is, that we have 6-8.5 M$ more to invest in land and development (meaning: excesive drilling!!). Cash is always a good thing, just a new investors. With the low number of outstanding shares we can need those new shareholders.

[kanzler]

Rolling Thunder announces $6.0 million bought deal private placement financing

CALGARY, May 9, 2007 (Canada NewsWire via COMTEX News Network) --

Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Corporation") (TSX-V: ROL.A, ROL.B; OTC Pink Sheets: RTHXF) announces it has entered into a private placement financing agreement, on a bought-deal basis, with a syndicate of underwriters led by Acumen Capital Finance Partners Limited and including Clarus Securities Inc. and Dundee Securities Corporation. Under the terms of the agreement, Rolling Thunder will issue by way of a private placement 2,727,273 Class A common shares at a price of $1.10 per share and 2,222,223 common shares on a flow-through basis at $1.35 per flow-through share for aggregate gross proceeds of $6.0 million. In addition the underwriters have been granted an option, exercisable prior to closing, to place up to an additional 500,000 Class A common shares and up to an additional 1,481,482 flow through shares at the same issue prices for additional gross proceeds of up to $2.55 million resulting in total gross proceeds of approximately $8.55 million if the option is exercised in full. The private placement is expected to close on or about May 29, 2007, and is subject to receipt of all necessary regulatory approvals. Proceeds from the private placement will be used to finance the Corporation's ongoing exploration and development activities.

[kanzler]

COPIC conference at Toronto, May 1st

schedule and link to all presentations:
http://www.newswire.ca/en/webcast/pages/en/copic20070501/

... and here ROL's presentation:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1819620

@pericles
I agree that the great outlook for Gordondale was the most important info for us. It sounds as if they are going to recomplete the 14-22 well in the same way they did at Teepee Creek (which resulted in a 50 boe well turning into a 1500 boe well).

Forecasts for this year (1800 - 2000 boe exit rate) are ultra-conservative, as usual. All possible exploration successes (i.e. the deep devonian wells) are not included in the forecasts.

[oldguy]

to PERICLES thanks for taking time to post message have large position much appreciated

[pericles]

COPIC Conference Presentation:

Slides that go with the presentation can be found at the company's internet site.
I would strongly suggest everyone listen too this presentation. The big surprise to me was Gordondale. I mostly thought that it was a dead end but the well they have there has had little decline and they think much more is to be discovered, in fact I'm surprised they said that because they want to pick up land that is changing hands up to 10 sections and saying that would show their hand.

They also think their is still great opportunity at Mcleod with the possible acquisition of more land.

Ensign is on the back burner for now and they have not mentioned the farm in exploratory well they drilled in late Feb., I suspect it may be a failure but they are very quiet about it. Bolton said he is interested in a merger with like minded people he sounded serious to me!

This company should continue to grow at least through this year, really liked this presentation!

[oldguy]

Kansler just want you to know that someone out here is reading your stuff most of the shares that mitchell bought are those that are comming off the flow thru act that has now expired as of jan 1 2007 miniumum hold time 4 months most are held a year a lot of these little oil companies are way behind in there projections because of a shortage of pipes valves and skilled workers but that is starting to ease as the drill count rig continues to drop the good news is that manangment has not sold any of their stock best of luck THE OLD GUY

[kanzler]

Rolling Thunder Announces December 31, 2006 Financial Results, Annual and Special Meeting of Shareholders & Personnel Changes

http://www.cnw.ca/en/releases/archive/April2007/12/c4715.html

[kanzler]

Rolling Thunder discovers new pool at Teepee Creek

CALGARY, Apr 12, 2007 (Canada NewsWire via COMTEX News Network) --

Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Corporation") (TSX-V: ROL.A, ROL.B; OTO: RTHXF) has discovered a new pool at Teepee Creek. The discovery well, drilled approximately one mile north of the Corporation's existing production, tested both oil and gas from the Doig formation. Over a three day test, the well flowed oil at an average rate of 100 barrels per day and gas at an average rate of 750 Mcf per day. The Corporation paid 100% to earn a 60% interest in the well and two sections of land. This new pool is covered by Rolling Thunder's 3D seismic. Rolling Thunder's drilling and completion operations are currently shut down due to break-up. Post break-up, the Corporation anticipates further evaluation of the new pool and the drilling of up to five wells in the Teepee Creek area.

[Jack Weaks]

4/12/2007 5:24:14 PM ET

Rolling Thunder discovers new pool at Teepee Creek

CALGARY, Apr 12, 2007 (Canada NewsWire via COMTEX News Network) --
Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Corporation") (TSX-V: ROL.A, ROL.B; OTO: RTHXF) has discovered a new pool at Teepee Creek. The discovery well, drilled approximately one mile north of the Corporation's existing production, tested both oil and gas from the Doig formation. Over a three day test, the well flowed oil at an average rate of 100 barrels per day and gas at an average rate of 750 Mcf per day. The Corporation paid 100% to earn a 60% interest in the well and two sections of land. This new pool is covered by Rolling Thunder's 3D seismic. Rolling Thunder's drilling and completion operations are currently shut down due to break-up. Post break-up, the Corporation anticipates further evaluation of the new pool and the drilling of up to five wells in the Teepee Creek area.

Natural Gas volumes that have been converted to barrels of oil equivalent (BOEs) have been converted on the basis of six thousand cubic feet (Mcf) to one barrel (bbl). BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of six mcf to one bbl is based on an energy equivalency method and does not necessarily represent value equivalency at the wellhead. Certain information contained herein constitutes forward-looking information under applicable securities laws. All statements, other than statements of historical fact, which address activities, events or developments that we expect or anticipate may or will occur in the future, are forward-looking information. Forward-looking information typically contains statements with words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "potential", "targeting", "intend", "could", "might", "should", "believe" or similar words suggesting future outcomes or outlook. The following discussion is intended to identify certain factors, although not necessarily all factors, which could cause future outcomes to differ materially from those set forth in the forward-looking information. The risks and uncertainties that may affect the operations, performance, development and results of Rolling Thunder's businesses include, but are not limited to, the following factors: volatility of oil and gas prices, commodity supply and demand, fluctuations in currency and interest rates, ultimate recoverability of reserves, timing and costs of drilling activities and pipeline construction, new regulations and legislation and the availability of capital. The reader is cautioned that these factors and risks are difficult to predict and that the assumptions used in the preparation of such information, although considered reasonably accurate by Rolling Thunder at the time of preparation, may prove to be incorrect or may not occur. Accordingly, readers are cautioned that the actual results achieved will vary from the information provided herein and the variations may be material. Readers are also cautioned that the foregoing list of factors and risks is not exhaustive. Additional information on these and other risks, uncertainties and factors that could affect Rolling Thunder's operations or financial results are included in our filings with the securities commissions or similar authorities in each of the provinces of Canada, as may be updated from time to time. There is no representation by Rolling Thunder that actual results achieved will be the same in whole or in part as those set out in the forward-looking information. Furthermore, the forward-looking statements contained herein are made as of the date hereof, and Rolling Thunder does not undertake any obligation to update publicly or to revise any forward-looking information, whether as a result of new information, future events or otherwise. Any forward-looking information contained herein is expressly qualified by this cautionary statement.
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The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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SOURCE: Rolling Thunder Exploration Ltd.

[Jack Weaks]

Mutual Fund ???? (rolling Thunder)
Rolling Thunder Expl Ltd- Class A
This may be old news that I missed somewhere along the line… 5.9% of this fund made up of Rolling Thunder Expl Ltd- Class A



DOMINION EQUITY RESOURCE FUND INC. (DER101)
http://www.stockhouse.ca/fund/index.asp?item=snapshot&Fundkey=11184&lang=EN&country=CDN


Category % of Fund
Canada 100.00

TOP 5 HOLDING:

Name Of Holding % of Net Asset

Cork Exploration Inc – Common 7.70
Rally Energy Corp 7.60
Grand Petroleum Inc – Common 6.30
Rolling Thunder Expl Ltd- Class A 5.90
Peerless Energy Inc - Common Cl A 5.80

[Jack Weaks]

Must be some news on the way… that is if this mornings actions continue…

[kanzler]

...and Mitchell bought another half million at $1.17

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=ROL

[kanzler]

Correction: Bruce Mitchell owns 4.5 million shares

The insider report on www.sedi.ca shows that Mitchell bought 1.6 million shares in February (this is what we discussed about), but these add to the 2.9 million shares he previously owned.

Insider name: Mitchell, Bruce
Insider's Relationship to Issuer: 3 - 10% Security Holder of Issuer
Security designation: Common Shares Class A
893816 2007-02-09 2007-02-13 Direct Ownership :
00 - Opening Balance-Initial SEDI Report 2,929,200

893817 2007-02-12 2007-02-13 Direct Ownership :
10 - Acquisition or disposition in the public market +1,587,700 1.2000 4,516,900

897093 2007-02-16 2007-02-16 Direct Ownership :
10 - Acquisition or disposition in the public market +51,500 1.3100 4,568,400

[Jack Weaks]

I wish that I had the cash to buy along side this fellow Bruce Mitchell. The only problem being it would then be two buyers after the same piece of real-estate… so I await others who want to compete for it (it is only a matter of time)… been a long wait. JW

[The Wawh]

Seems Bruce Mitchell has been busy buying again ....

No apparent reason why ROL-A should go down after this great PR with the companies net asset value per share rising to $1.91.

Most likely the common problem of small stocks, not a huge base of buyers, those familiar have burnt themselves somewhere in the past and are not eager to try again.

LOL, maybe once our profit per share is higher as the share price, we will get some movement in the proper direction.

Rolling Thunder Exploration is a true gold mine .... I have never lost money on this stock. And the future looks bright to me. Every drop of oil we discover in our land, will only add to the already grossly undervalued price.

But at least we have seen some volume today. Good for the money flow index .... Maybe I can find some additional investors too, I will try my utmost.

[The Wawh]

ROL announcement easier to read

http://biz.yahoo.com/cnw/070312/rolling_thunder_2006.html?.v=1