Arkose Energy (CE) (USOTC:RKOS)
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Cantex Energy Corp. (Pink Sheets-CTXE) announced today
that the seismic surveying has begun on the West Texas Big Canyon
Ranch Prospect.
Trace Maurin, President of Cantex Energy, commented, "We are very
pleased to report that the surveying has begun on the Big Canyon Ranch
2D in the Val Verde Basin. GPS surveying is under way for the
positioning of the survey points for position and elevation. This is
the first phase of our 2D acquisition."
Mr. Maurin goes on to say, "We are expecting to have very good
results using the state of the art acquisition technology. Once the
GPS surveying is complete the next phase will be the actual data
acquisition of the seismic survey, we anticipate this to take place
mid to late April pending crew scheduling. Since the signing of the
deal we have had other operators contact us for a possible farm-in on
the prospect. An update on the West Ant HiIls project is that we are
currently evaluating our acreage at this point. The first of 8 wells
proved to be low and wet to our target formation. Even though this is
a set back we may still consider running further test on the remaining
1200 acres with 3D seismic."
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 24,900 acres known as
the Big Canyon Ranch Prospect located in Terrell County Texas.
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 15c211 under the
Exchange Act, with the NASD Compliance Unit. See www.pinksheet.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 Mark Porrello, 310-491-9641 or visit their website at
www.cantexenergy.com (As well as recent digital photos taken on-site
of the Project during the last week of February 2006.)
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.