Little Chicago or EL 413 comprising 200,000 acres in the Canadian Mackenzie River Valley Corridor in the North West Territories. A previous engineering study completed on EL 413, estimated a potential of up to 1 billion barrels and 600 bcf. The 2007 winter seismic, recently completed by Kodiak, has identified multiple new structures and potential drill targets. Additional seismic is being permitted to assist in finalizing drill locations for the next season.
In addition to Little Chicago, Thunder through its subsidiary, CIMA Holding Inc. - has 95% of 55,000 acres of P&NG leases in New Mexico. Natural gas potentials and commercial volumes of CO2 have been identified in existing wells on or adjacent to property - estimated at 587 bcf of CO2. This opportunity will provide for long term cash flow and growth. In addition, there are potential oil and helium resources at shallow depths offering the possibility of dynamic short term growth and significant near term cash flow. By acquiring 100% of the Thunder assets, a very aggressive development program can now be initiated to exploit these major assets.
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