Cantex Energy Commences Seismic Data Analysis of 2D Swath of Big Canyon Prospect; Acquires Working Interest in Three Wells and Provides Update on Wyoming Project.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) 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 Val Verde may mean:
According to the U.S. , 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 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 area of Hood County, Texas Hood County is a county located in the U.S. state of Texas. In 2000, the population was 41,100. Its seat is Granbury6. Hood County is named for John Bell Hood, a Confederate lieutenant general and the commander of Hood's Texas Brigade. , with the first well expected to be fractured this month. The Company is optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op 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 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. . 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 “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 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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