Cantex Completes Processing of 2D Swath Lines on Big Canyon Project.Provides Update on Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square and West Ant Hills SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Cantex Energy Corp. (Pink Sheets:CTXE) announced today that the Company has successfully completed seismic processing on all three of the 2D Swath lines on its Big Canyon Project, located in its Val Verde Val Verde may mean:
According to the U.S. leasehold. The lines will determine where a structural closure may occur on the leasehold. The processed migrated data is currently being shipped to the Company's geophysicist for interpretation of the seismic shoot. Trace Maurin, President of Cantex Energy Corp., stated, "The completion of the seismic processing was delayed due to the abundance of work currently ongoing in the oil and gas industry. Even though service delays in the industry are commonplace at present, we appreciate our shareholders' patience and understanding. We will be consulting with our geophysicist as he reviews the seismic data and will make every effort to expedite the delineation of the results of the seismic Swath lines. We remain focused on our current and future prospects, aspiring to take advantage of every opportunity such that we can position Cantex as a major player in the oil and gas industry." Cantex Energy further announced today that the second of three wells located in the Barnett Shale, Johnson County, Texas Johnson County is a county located in the U.S. state of Texas. In 2000, its population was 126,811. Its county seat is Cleburne6, and the county is part of the Dallas/Fort Worth Metroplex. , is in the final stages of completion. This well is the Robertson #1H and is operated by Star of Texas Energy. Cantex shares a 2% working interest in the project. Additionally, the Company continues to explore the opportunities for the West Ant Hills Prospect in Niobrara County, Wyoming Niobrara County is a county located in the U.S. state of Wyoming As of 2000, the population is 2,407, making it the state's least populous county. Its county seat is Lusk6. History Niobrara County was organized in 1911. Geography According to the U.S. . Cantex will be receiving bids for the 3D shoot, which spans approximately 1,200 acres, to identify this leasehold's potential for exploitation and development. Please visit Cantex Energy's website, www.cantexenergy.com, the week of November 20th and go to the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " tab for the Company's most current financials. More information regarding the Company's progress will be released as developments warrant. About Cantex Energy Cantex Energy Corp. is an independent, managed risk, oil and gas exploration, development, and production company headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . 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 NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
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