Cantex Receives Completed Analogs.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 received an extensive review and analogs from its chief geophysicist regarding the Ouachita Thrust facies facies /fa·ci·es/ (fa´she-ez) pl. fa´cies [L.] 1. the face. 2. surface; the outer aspect of a body part or organ. 3. expression (1). of its Big Canyon Project located in the Val Verde Val Verde may mean:
According to the U.S. leasehold where Cantex currently controls 12,000 acres. The information provided shows that within approximately 43 miles of the Big Canyon Ranch Canyon Ranch is a brand associated with several properties, communities, resorts, and spas. Properties & communities
Cantex's geophysicist recently completed the Pinon Field Analog Study and has reported the findings look promising. Cumulative and average production by formations in the Pinon Field is as follows: In the Dimple, there have been 95 completions drilled to a depth of 5,000 feet with a cumulative production of 33,243,639 and an average production per well of 349,933mcf. In the Caballos, there have been 10 wells completed to a depth of 7,000 feet with a cumulative production of 54,893,080 and an average production per well of 5,489,308mcf. In the Tesnus, there have also been 10 wells completed to a depth of 8,500 feet with a cumulative production of 1,025,938 and an average production per well of 102,594mcf. As stated in Cantex's earlier releases, the Company has targeted four drillable structures that it believes offer the most promising results for exploration activities. With the recently received analogs, the Company has a more thorough understanding of the structures that lie within its 12,000-acre leasehold. Historic analysis and results from the region lend credence to Cantex's future drilling prospects. The Company is currently examining the most cost-effective means by which to execute on its business plan and proceed with the drilling of its initial four targeted exploration opportunities. Spacing configurations encompassing the 12,000-acre leasehold allow for approximately 160 wells to be drilled on the Big Canyon Project. Additional information regarding the Company's projects will be forthcoming 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 ant hill Noun a mound of soil built by ants around the entrance to their nest ant hill n → Ameisenhaufen m 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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