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Cantex Energy Corp. (Pink Sheets:CTXE) announced today
that the drilling rig is being mobilized on the West Anthills Prospect
as of February 21, 2006.
Trace Maurin, President of Cantex Energy, commented, "After years
of preparation, we are very pleased to be moving the first drilling
rig onto place for Federal #1-24 Well, Niobrara County Wyoming with an
anticipated spud date on or about the 22nd of February." In addition,
Mr. Maurin states, "We are most pleased in knowing that our operators
and drilling contractors have the experience and proven success with
the most up-to-date drilling and mud techniques within the area and
are looking forward to the outcome of the first of a potential eight
well program."
Cantex Energy Corp. is an independent, managed risk, oil and gas
exploration, development, and production company headquartered in San
Antonio, Texas. The Company's current focus is the optimal
exploitation and development of approximately 1,200 acres known as the
West Ant Hills Prospect located in Niobrara County Wyoming.
Investors are encouraged to visit www.emerginggrowthstocks.com for
a recent research profile on CTXE.
Cantex Energy Corp., is a Non-Reporting Company, quoted on the
Pink Sheets, having filed a Form 211 pursuant to Rule 15c2-11 under
the Exchange Act, with the NASD Compliance Unit. See
www.pinksheets.com for real time quotes, how to trade pink sheet
stocks, how to protect yourself and additional stock information.
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 Emerging Growth Stocks Mark Porrello, 310-491-9641 or
visit their 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.