Thunder Energy Trust

Thunder Energy Trust

March 30, 2006 20:09 ET

Thunder Advises Correction for its 2005 Annual Report

CALGARY, ALBERTA--(CCNMatthews - March 30, 2006) - Thunder Energy Trust (TSX:THY.UN) today announced a correction to its 2005 Annual Report dated March 10, 2006. On page one of the Annual Report, behind pipe volumes should read 1,200 boe/d. An incorrect reference to 12,000 boe/d of behind pipe volumes was made.

Forward-looking Statements

This press release contains forward-looking statements. More particularly, this press release contains statements that the Trust is currently on target to meet its 2006 guidance of 10,500 boe/d, and will spend approximately $65 million in capital expenditures.

Although the Trust believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Trust can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to any number of factors and risk. These include, but are not limited to the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

The forward-looking statements contained in this press release are made as of the date hereof and the Trust undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Note: Boe means barrel of oil equivalent on the basis of 1 boe to 6,000 cubic feet of natural gas. Boe's may be misleading, particularly if used in isolation. A boe conversion ratio of 1 boe for 6,000 cubic feet of natural gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Boepd means barrel oil equivalent per day.

In this press release: (i) mmboe means million boe; (ii) boe/d or boepd means boe per day; (iii) bbls/d means barrels per day; (iv) mcf means thousand cubic feet; (v) mmcf means million cubic feet; (vi) mcf/d or mcfd means thousand cubic feet per day; and (vii) mmcf/d or mmcfd means million cubic feet per day.

Contact Information

  • Thunder Energy Trust and Thunder Energy Inc.
    Stuart Keck
    President & C.E.O.
    (403) 294-1635
    (403) 232-1317 (FAX)
    Thunder Energy Trust and Thunder Energy Inc.
    Brent Kirkby
    Vice President, Finance & C.F.O.
    (403) 294-1635
    (403) 232-1317 (FAX)