Rolling Thunder Expl. LTD. Cl.A symbol: ROL.A:CA
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9/14/2006 9:26:25 AM ET News Release Index
Rolling Thunder Exploration Announces Startup of Teepee Creek Production Facility and Results of Re-completion activities
CALGARY, Sep. 14, 2006 (Canada NewsWire via COMTEX News Network) --
Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Corporation") (TSX-V: ROL.A, ROL.B; OTO: RTHXF) announces that the Corporation's production facility at Teepee Creek is now operational and producing at full capacity of 1000 barrels of 37* API oil per day. Rolling Thunder has tied-in three of its five Teepee Creek wells.
The 6-3-74-4W6 well, originally producing 50 Bopd, has been re-completed. The well flowed at 1600 barrels of oil per day on a two day production test with approximately 1000 Mcf/d associated gas. The 6-3 well has Good Production Practice (GPP).
To date, Rolling Thunder has achieved a 100% success rate on its Teepee Creek development drilling program. The five (4.1 net) wells drilled and completed have tested with a cumulative flow capacity of over 5000 Boe/d. Two of the three oil wells will be under EUB rate restrictions until Good Production Practice (GPP) status can be obtained. When this is obtained, production at Teepee Creek will be increased to more adequately reflect the production capacity of the discoveries. Expansion of the Teepee Creek facility will be considered at that time.
Rolling Thunder will be presenting at the COPIC conference in Toronto and Montreal, October 3rd and 5th. Rolling Thunder's AGM will be held on September 21, 2006 at 2:00 pm. in the Bonavista Room of the Westin Hotel in Calgary. The Corporation's updated corporate presentation will be posted on its website at www.rollingthunderexploration.com on Thursday, September 21, 2006.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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.
SOURCE: Rolling Thunder Exploration Ltd.
To find out more about Rolling Thunder Exploration Ltd. (TSX-V: ROL.A, ROL.B; OTO:RTHXF), visit our website at www.rollingthunderexploration.com or contact: PeterBolton, President & Chief Executive Officer, (403) 532-6221,peterb@rollingthunderexploration.com; Kamelia Wong, Chief Financial Officer, (403)532-6223, kameliaw@rollingthunderexploration.com
Copyright (C) 2006 CNW Group. All rights reserved.
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