Cantex Energy Commences Seismic Data Analysis of 2D Swath of Big Canyon Prospect; Acquires Working Interest in Three Wells and
12 Julio 2006 - 8:00AM
Business Wire
Cantex Energy Corp. (Pink Sheets:CTXE) is pleased to report that
the recorded data for the first of three lines of 2D swath seismic
of its Big Canyon Prospect, located in the Val Verde Basin, Terrell
County, Texas, is now being processed by Fairfield Industries, Inc.
("Fairfield"). Fairfield has begun loading the first seismic line,
which will take a few weeks to be evaluated through digital
processing/computer analysis due to geometric considerations;
however, lines two and three should be processed more rapidly. The
seismic shoot ranged from 3000' to 20,000' deep. The Company will
provide additional updates on this project as developments warrant.
Cantex is also pleased to announce it has acquired a two percent
working interest in three wells in the Barnett Shale area of Hood
County, Texas, with the first well expected to be fractured this
month. The Company is optimistic that this small working interest
will result in additional participation in the Barnett Shale area.
Additionally, the Company remains dedicated to the exploitation and
development of the West Ant Hills Prospect in Niobrara County,
Wyoming. This project calls for a 3D seismic shoot and analysis of
the Company's approximately 1,200 acres in this prospect and the
seismic shoot is currently pending crew availability. Trace Maurin,
President of Cantex Energy Corp., said, "We continue to focus our
efforts on preparing the fundamental aspects that will provide a
solid foundation for our business to prosper. We remain diligently
focused on completing the steps necessary to position Cantex as a
more widely recognized player in the oil and gas arena." About
Cantex Energy Cantex Energy Corp. is an independent, managed risk,
oil and gas exploration, development, and production company
headquartered in San Antonio, Texas. The Company's additional focus
is the optimal exploitation and development of approximately 1,200
acres known as the West Ant Hills Prospect located in Niobrara
County Wyoming. Cantex Energy Corp. is a Non-Reporting Company,
quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule
15c211 under the Exchange Act, with the NASD Compliance Unit. For
real-time quotes, how to trade pink sheet stocks, how to protect
yourself and additional stock information, please see
www.pinksheet.com. Purchasing shares in Cantex Energy Corp.
involves a speculative investment with substantial risks, and
although the Company intends to use its best efforts to enhance the
value of the shares, there is no assurance that the Company's
operations will be successful. For more information about Cantex
Energy Corp. (Pink Sheets:CTXE) please contact Barry Gross, Phone:
361-949-4999, or visit the Company's website at
www.cantexenergy.com. Except for historical information contained
herein, the statements in this press release are forward-looking
statements that are made pursuant to the Safe Harbor provisions in
the Private Securities Legislation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause Cantex Energy's actual results in
future periods to differ materially from forecasted results. These
risks and uncertainties include, among other things: the potential
that no commercial quantities of oil are found or recoverable, the
price of oil and gas, geological problems that prevent us from
reaching drilling targets and specific risks such as the company's
ability to raise financing and risks inherent in Cantex Energy's
operations. These and other risks are described in Cantex Energy's
form 15c211 and other filings with the NASD and Securities and
Exchange Commission.
Arkose Energy (CE) (USOTC:RKOS)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Arkose Energy (CE) (USOTC:RKOS)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
Real-Time news about Arkose Energy Corporation (CE) (OTCMarkets): 0 recent articles
Más de Cantex Energy Corp. Artículos de Noticias