Cantex Energy Corp. Receiving Interest From the Industry as It Enters Next Phase of Development
May 01 2006 - 3:00PM
Business Wire
Cantex Energy Corp. (Pink Sheets:CTXE) is pleased to report the
following on its Big Canyon Prospect in West Texas. Recent company
announcements related to the acquisition of over 48,000 acres of a
world-class prospect has captured the attention of many oil &
gas industry experts and corporations, who have recently inquired
into various participation opportunities ranging from sharing
science technology to support findings or expertise to drill,
operate and manage wells. Trace Maurin, President of Cantex,
commented, "Although we are a small independent oil & gas
company, we have a very unique opportunity in one of the last
under-explored world-class potential gas plays with no geopolitical
risks and the industry is starting to take notice. As we prepare to
prove up the various structures within our prospect later this
month, we are increasing our efforts to communicate on our progress
to our shareholders and investors. Our intention is to provide
investors with a better understanding of the full potential of this
prospect as we embark on the next phase of operations." Starting
immediately the company will undertake CEO interviews, radio spots
(which will be recorded and published on the company website),
publication placements, introductions to small cap institutional
investors and funds all in an effort to optimize market awareness
and keep our shareholder well informed. Cantex Energy Corp. is an
independent, managed risk, oil and gas exploration, development,
and production company headquartered in San Antonio, Texas. The
Company's additional focus is the optimal exploitation and
development of approximately 1,200 acres known as the West Ant
Hills Prospect located in Niobrara County, Wyoming. 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.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 Deborah Walters, Phone: 877-332-2875, ext. 501 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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