Fellows Energy diskutieren

FELLOWS ENERGY HOT

BROOMFIELD, Colo.--(Business Wire)--Fellows Energy Ltd. (OTCBB:FLWE)("Fellows"), an early stage oil

and gas company focused on exploration and production of natural gas

and oil in the Rocky Mountain Region, issued an update today on its

ongoing work to finance its operations and prepare for drilling and

development.

   As previously announced, Thunderbird Energy Corp. ("Thunderbird")

and Fellows have agreed for the expenditure of funds by Thunderbird

for the drilling and completion of three wells to the Dakota formation

on the Weston County project, upon its final acquisition of a 50%

interest in that project. Fellows estimates that the cost of such

drilling will be approximately $3.5 million. Upon the completion of

such expenditures by June of 2009, Thunderbird will receive an

additional 25% working interest in the Weston County project. Fellows

will reserve the option to commence drilling under the previous joint

venture structure if Thunderbird does not commence drilling by May 31,

2008. Thunderbird recently closed a financing facility that includes

funding for the Weston County project. Fellows has been advised that

Thunderbird is planning a seismic program for Q1 of 2008 to be

followed by drilling.

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Volatiles Teil. No Risk no fun.                                                                                                                                                   

Fellows Energy

Wann kommt der Ausbruch? Kenner weiß es, aber die Möglichkeit auf einen Peak nach oben ist bei diesem volatilen Pennystock immer gegeben.