Replies to post #2696 on Rolling Thunder Exploration Ltd (fka RTHXF)

[pericles]

Legal well seems to be a bust, water.

ROLLING THUNDER EXP CL A Quick Quote:
ROL.A 1.05 (Even)
Rolling Thunder Exploration Ltd. announces third quarter 2005 results
11/28/05
CALGARY, Nov. 28, 2005 (Canada NewsWire via COMTEX) --

Rolling Thunder Exploration Ltd. ("Rolling Thunder" or the "Company") (TSXV Symbol - ROL.A, ROL.B) is pleased to provide an update on its activities for the period ended September 30, 2005. Although still in the start-up phase, the Company has made significant strides towards meeting its goals.

Corporate Highlights

- On June 30, 2005, Rolling Thunder closed its initial public offering,
raising total gross proceeds of $12,000,000. As of September 30, 2005
the Company had a working capital surplus of $11,698,381.

- The Company began geological, geophysical and engineering work on its
initial farm-in opportunities that has led to the commitment to drill
two wells, one at Gold Creek and one at Boundary Lake.

- Over the course of August to November 2005, the Company added three
new prospects at Gold Creek, Boundary Lake and Woking, and licensed a
second well at Gold Creek.

- Rolling Thunder negotiated a 5th farm-in agreement with an
independent Canadian oil and gas Company on four sections of land in
the Teepee Creek area, and committed to the drilling of one well.

- On November 1, 2005, Rolling Thunder announced that it had entered
into an arrangement agreement with San Telmo Energy Ltd. to
amalgamate their businesses and continue as Rolling Thunder
Exploration Ltd. The combined companies will have approximately
450 boed (barrels of oil equivalent per day) of sales, 150 boed
behind pipe that is expected to be on stream in early 2006, and a
strong inventory of exploration and development opportunities. A
joint information circular is scheduled to be mailed out in early
December 2005. Shareholder meetings to approve the arrangement are
scheduled for January 10, 2006 for both companies and the anticipated
closing date is targeted for mid January 2006.

Operational Highlights and Outlook

Since its first full quarter of operations, Rolling Thunder has continued to add new quality prospects and farm-ins to its portfolio of opportunities. In addition to new prospects at Gold Creek, Boundary Lake, Teepee Creek and Woking, the Company drilled its first well in November 2005, participating for 50% in a bypassed pay opportunity at Legal, Alberta. Prospective zones were encountered but they were determined to be wet. Regulatory and surface access conditions at Gold Creek and Boundary Lake have delayed the anticipated fall drilling program. Rolling Thunder now expects to drill four to five wells (including Gold Creek and Boundary Lake) in late Q4 2005 and early Q1 2006. The addition of the San Telmo drilling program will add high quality development opportunities to balance Rolling Thunder's exploration focus.

With the San Telmo merger, our current and expanding base of new exploration and development opportunities, and our strong balance sheet, we believe Rolling Thunder has a solid platform for growth into the new year.

Copies of the third quarter financial statements and related MD&A are available by request from Rolling Thunder and on the SEDAR website at www.sedar.com

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

SOURCE: Rolling Thunder Exploration Ltd.

please contact: Peter Bolton, President and Chief Executive Officer, Kamelia Wong, Chief Financial Officer and Corporate Secretary, Telephone: [phone], Facsimile: [phone]
Copyright (C) 2005 CNW Group. All rights reserved.

© 2005 Stockgroup Media Inc. | Disclaimer

[piranhas2]

OT...Sorry JW...I goofed on the initials. Anyway it's all good.