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Wednesday, 11/29/2006 8:37:49 PM

Wednesday, November 29, 2006 8:37:49 PM

Post# of 3023
Rolling Thunder announces Third Quarter Results
http://media.integratir.com/V.ROL.A/financials/ROL_Q3_Full.pdf>


Rolling Thunder Announces Third Quarter Results

CALGARY, Nov. 29, 2006 (Canada NewsWire via COMTEX News Network) --

Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Company") (TSX-V: ROL.A, ROL.B; OTO: RTHXF) announces its operating results for the quarter ended September 30, 2006 and the filing of its unaudited interim consolidated financial statements and related management's discussion and analysis ("MD&A"). Select operational and financial results are outlined below and should be read in conjunction with the financial statements and related MD&A, which can be found at www.rollingthunderexploration.com or www.sedar.com.


OPERATIONS REVIEW

Teepee Creek

At Teepee Creek, Rolling Thunder completed its 1,000 bbls/d oil battery and initiated production from the Company's Doig oil discoveries. Rolling Thunder is currently producing from three Doig oil wells, one Charlie Lake gas well and has two additional Doig oil and one additional Doig gas well to tie-in. The Company is also looking to re-complete the 08-03-074-04W6 well as a potential Doig oil well. Productive capacity of the Teepee Creek area exceeds 1,200 boe/d; however, with allowable restrictions the Company is currently flowing about 700 boe/d. Rolling Thunder has an application for Good Production Practice ("GPP") pending at the EUB. The Company has also added three additional sections through farm-in, bringing total lands owned and available to 23 sections. Rolling Thunder plans an additional six wells in the Teepee Creek area for 2007.

McLeod

Production from the Company's 06-18 well increased somewhat over the quarter as some of the infrastructure constraints were lifted. In early October, Rolling Thunder drilled and completed a second well in McLeod. As previously released, the 06-08 well flowed at 4.3 MMcf/d on test. The Company and its partner are currently evaluating tie-in opportunities. Rolling Thunder has at least two more wells planned at McLeod for the remainder of 2006 and 2007.

Gordondale

Rolling Thunder continues to produce about 100 boe/d from its initial 14-22 well at Gordondale. A second well, 16-22 is being tied in and should add between 50 and 75 boe/d net to Rolling Thunder. Two additional wells, one exploration and one development are planned for 2007.

Ensign

At Ensign in Southern Alberta, the Company is continuing its attempts to resolve spacing issues with the farmor and the EUB. If successful, Rolling Thunder plans to drill six wells in 2007.

Outlook

The fourth quarter has already been active with the drilling of two wells in Teepee Creek and one well at McLeod. Completion and tie-in activity is ongoing. Rolling Thunder plans one more well at McLeod and potentially one more well at Teepee Creek before year-end. Rolling Thunder's productive capacity exceeds 1,500 boe/d. With a successful GPP ruling and tie-in of the recent drilling, the Company should reach that level some time in the first quarter of 2007.

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