Cantex Energy Corp., Reports a Drilling Update on the West Ant Hills Prospect
March 02 2006 - 8:00AM
Business Wire
Cantex Energy Corp., (Pink Sheets-CTXE) announced today that
drilling has reached 4,200' with total depth of 5,000 feet to be
reached on or about March 4. Trace Maurin, President of Cantex
Energy, commented, "We are very pleased to report that the drilling
progress is on schedule and that we expect to pass through the
Dakota Channel Sands, the first of our two targets, at
approximately 4, 800 feet by March 3, and then we will proceed down
through a Fusion Shale where the Lakota Sands are expected to be
encountered around 4,920 feet." Mr. Maurin goes on to say "We are
anxious to witness the results of our decision to use the same
unique KCI mud engineering program that has proved effective in the
area over the last year. This is a more costly technique as the
drilling mud contains a polymer additive designed to prevent shale
sluffing and maintain circulation which will be key to maximizing
production efficiency." 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 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.
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