Thunder Energy Trust
TSX : THY.UN

Thunder Energy Trust

August 15, 2005 17:26 ET

Thunder Energy Trust Announces Increase in Exchangeable Share Ratio

CALGARY, ALBERTA--(CCNMatthews - Aug. 15, 2005) - Thunder Energy Trust (TSX:THY.UN) is pleased to announce the increase to the Exchange Ratio of the Exchangeable Shares of Thunder Energy Inc. from 1.00000 to 1.01214. This increase will be effective on August 15, 2005.



The following are the details of the calculation of the Exchange Ratio:

------------------------------------------------------------------------
Five day
weighted
average
trading
price of Effective Exchange
Record Distri- THY.Un date of the Ratio
Date of Opening bution Prior Increase in Increase in as of the
Distri- Exchange per to record Exchange Exchange Effective
bution Ratio unit date Ratio Ratio date
------------------------------------------------------------------------
July August
29 2005 1.00000 $0.15 12.36 0.01214 15 2005 1.01214
------------------------------------------------------------------------
------------------------------------------------------------------------


The increase in Exchange ratio is calculated by multiplying the Thunder Energy Trust Distribution per unit by the Exchange Ratio immediately prior to Record Date and dividing by the weighted average trading price per unit of THY.UN on the TSX for the 5 trading days preceding the Record Date.

A holder of Thunder Energy Inc. Exchangeable Shares can exchange all or a portion of their holdings into Thunder Energy Trust Units, at any time by giving notice to their investment advisor or Olympia Trust Company at its principal office at 2300, 125 - 9 Avenue SE Calgary, AB T2G 0P6.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks 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. Additional information on these and other factors that could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities.

Thunder Energy Trust is a new oil and gas income trust just having been created as a component of a plan of arrangement, which combined three entities Thunder Energy Inc., Mustang Resources Inc. and Forte Resources Inc. Thunder Energy Trust units trade on the TSX under the symbol THY.UN.

Contact Information

  • Thunder Energy Inc. and Thunder Energy Trust
    Stuart Keck
    President & C.E.O.
    (403) 294-1635
    or
    Thunder Energy Inc. and Thunder Energy Trust
    Brent Kirkby
    Vice President, Finance and CFO
    (403) 294-1635
    (403) 232-1317 (FAX)
    Website: www.thunderenergy.com