Cantex Energy Corp. Announces Drilling Rig Mobilization for February 21, 2006
February 10 2006 - 4:18PM
Business Wire
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.
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