Business
Cantex Energy Corp., Reports the startup of the Seismic Surveying on the Big Canyon Ranch Prospect and updates West Ant Hills Prospect.
Cantex Energy Corp., Reports the startup of the Seismic Surveying on the Big Canyon Ranch Prospect and updates West Ant Hills Prospect..
About this update from Arkose Energy Corp.
[{"type":"text","content":"San Antonio, TX, March 6, 2006 / Cantex Energy Corp., (Pink Sheets-CTXE) announced today that the seismic surveying has begun on the West Texas Big Canyon Ranch Prospect. \r\nTrace 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.\" \r\nMr. 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.\"\r\nCantex 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.\r\nInvestors are encouraged to visit www.emerginggrowthstocks.com for a recent research profile on CTXE.\r\nCantex 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.\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\nFor more information about Cantex Energy Corp. (Pink Sheets: CTXE) please contact Mark Porrello, 310-491-9641 or visit their website at www.cantexe...