Rolling Thunder discovers new pool at Teepee Creek



    CALGARY, April 12 /CNW/ - 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.

    --------------------------------------------------------------
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    --------------------------------------------------------------





For further information:

For further information: 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: Peter Bolton, President & Chief
Executive Officer, (403) 532-6221, peterb@rollingthunderexploration.com;
Kamelia Wong, Chief Financial Officer, (403) 532-6223,
kameliaw@rollingthunderexploration.com

Organization Profile

ROLLING THUNDER EXPLORATION LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890