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CANTEX ENERGY CORP., ANNOUNCES FORWARD SPLIT ON A 3 FOR 1 BASIS AND THE COMMENCEMENT OF QUOTING ITS COMMON SHARES ON THE PINK SHEETS
CANTEX ENERGY CORP., ANNOUNCES FORWARD SPLIT ON A 3 FOR 1 BASIS AND THE COMMENCEMENT OF QUOTING ITS COMMON SHARES ON THE PINK SHEETS.
About this update from Arkose Energy Corp.
[{"type":"text","content":"San Antonio, TX, December 01, 2005 / Cantex Energy Corp., (Pinks-CTXE) announces today that it has forward split its stock on a 3 for 1 basis. There are now 30,825,000 common shares issued and outstanding as a result of the split, of which 8,100,000 are free trading.\r\n\r\nCantex Energy Corp, (See www.cantexenergy.com) is a junior exploration oil and gas company with the participation rights to earn an 18 percent working interest in approximately 1200 gross acres in the West Anthills Prospect in Niobrara County Wyoming. The Company can earn this interest by paying 22.5 percent of all drilling and completion cost. Trace Maurin, President and CEO states... \"Although the play is still considered exploratory in nature, our independent engineering reports based on extensive data, including sonic logs and historical production records of wells along the same targeted channel and 2 d seismic confirm a favorable risk reward opportunity for the Company.\"\r\n\r\n Management's interpretation of the data indicates a potential of eight wells, based on forty acre spacing. Historical production on the targeted channel have range from 200 to 360 BOED in year one and two with a steady decline over 15 years. The operators will also be utilizing a new drilling technique involving a KCI-PHPA mud program that has proved very success in the area this past summer. \r\n\r\nThe Company's Operators now have Permitting and Bounding is in place with the Bureau of Land Management of Lands for a drilling date in early 2006.\r\n\r\nAbout Cantex Enrgy corp. (www.cantexenergy .com)\r\n\r\nCantex Energy Corp., is a Non-Reporting Company, now quoted on the Pink Sheets, having filed a Form 211 pursuant to Rule 15c2-11 under the Exchange Act, through its sponsoring Market Maker, Finance 500 Incorporated 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.\r\n\r\n\r\nPurchasing 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.\r\n\r\nExcept for historical information contained herein, the statements in this Press Release are forward-looking statements t...