Source MARKET NEWS

Date 01/17/2006
Time 03:09:46 AM
Company San Telmo Energy Ltd.
Title Rolling
Thunder Resumes Trading

DMIS Processed No CDNX Symbol: STU

Exchange: VSE Symbol: STU
Exchange: Symbol:
Exchange: Symbol:

Press Release

[385/Trading Resumes]STUVSAN TELMO ENERGY LTDJAN 17 2006 03:03 AMRolling

Thunder Resumes Trading --->@NEWS RELEASEROLLING THUNDER EXPLORATION LTD
("ROL.A,ROL.B-V")
- Resumes Trading
Rolling Thunder Exploration Ltd. ("Rolling Thunder") announces that
effective at the opening, PST, January 17, 2006, trading in the new Class
A and Class B shares of the company will resume and the common shares of
San Telmo Energy Ltd. ("San Telmo") will be delisted. The Class A shares
and Class B shares of Rolling Thunder were halted from trading since
January 10, 2006 pending the completion of its
merger with San Telmo Energy Ltd.
Post arrangement capitalization is as follows:
Class A Shares: Unlimited with no par value of which 29,037,571 are
issued and outstanding.
Class B Shares: Unlimited with no par value of which 810,000 are
issued and outstanding.
Escrowed Shares: 3,600,000 Class A shares
Trading Symbol: ROL.A (Class A shares)(same)
ROL.B (Class B shares)(same)
Operationally, since the announcement of the amalgamation with San
Telmo, Rolling Thunder has been busy adding to its land and opportunity
base. The company now has 3 sections of land at 100% working interest in
Gold Creek, 3.5 sections of land at 100% working interest in Boundary
Lake, and has initiated a farmin in Teepee Creek that has earned the
company a 50% working interest in 2 sections of land. In addition, the
company has purchased 2 sections of land (100% working interest) in the
Woking area of the Peace River Arch. Finally, Rolling Thunder is pleased
to announce that it has signed a farmin deal on 6 sections of land in
Southern Alberta. The Southern Alberta farmin requires Rolling Thunder to
apply for and receive down-spacing approval and subsequently to commit to
the drilling of 3 wells. As previously released, Rolling Thunder has
initiated its winter drilling program in the Peace River Arch and
anticipates the drilling of at least 5 gross (4.75 net) wells at Teepee
Creek, Boundary Lake and Gold Creek before spring break-up. The company
anticipates spending up to $20MM on wells, facilities, land, and seismic in
the next 12 months.
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.
TEL: (403) 532-6221 Mr. Peter Bolton, President & CEO
E-mail: peterb@rollingthunderexploration.com
TEL: (403) 532-6223 Ms. Kamelia Wong, Chief Financial Officer
E-mail: kameliaw@rollingthunderexploration.com
______________________________
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