Cano Energy Introduces New Magazine to Demystify the Oil & Gas Industry for Investors & Consumers.

Energy Editors/Business Editors

FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 17, 2003

S. Jeff Johnson, CEO of Cano Energy Corporation, recently introduced a new magazine designed to help educate investors and consumers about the vital role that independent oil companies play in increasing America's energy independence.

The magazine is called Cano Energy Pipeline, and the premier issue offers informative, well-researched articles on the oil and gas industry. It includes feature stories on innovative oil production efforts in the U.S., pioneers in the oil and gas business, legislation for the best use of national energy resources, and the threat of terrorism on the world's oil supply.

"We created Pipeline to take the mystery and sometimes fear out of this industry that is often accused of damaging the environment and that is not very well-understood," explains Mr. Johnson.

According to the Independent Petroleum Association of America, independent producers have an important story to tell. "Educating the public about the domestic oil and natural gas industry is essential. Recent polls show that the public distrusts this industry more than nearly any other industry. We need to tell the true story about this American business, how it can help produce energy safely and reliably here at home, and its positive impact on the economy as well as on national security. Cano Energy's efforts at education and information should be applauded. With Pipeline, the company has focused on raising the awareness of the industry as a whole. That's impressive," comments Michelle McCaughey, vice president, IPAA.

"We've been spoiled by energy. It impacts everything we do and how we live. But cheap energy, oil and gas, is a finite resource. The demand for it is growing more quickly than the speed at which we can pump it and process it. And we have become increasingly dependent on foreign, often unstable, sources," Mr. Johnson says.

One of the solutions for increasing the domestic supply is through Cano Energy and other independent oil companies. "It's the independent oil company that is taking the lead to go after oil we know is still in the ground right here in America," he maintains. The independent oil companies are using a strategy of low overhead, joint ventures, new technology and extensive research to make it economically feasible to tap existing oil reserves. "Investors are the key. They provide the funding to build a more energy independent America," comments Mr. Johnson.

Cano Energy Corporation is an independent oil and gas development company based in Fort Worth, Texas. For more information about the company, please visit www.canoenergy.com. Subscriptions to Pipeline are available at www.canopipeline.com. The IPAA Web site also offers additional resources at www.ipaa.org.