Cantex Delineates Scope of Drilling Prospects
May 01 2007 - 2:15PM
Business Wire
Cantex Energy Corp. (Pink Sheets:CTXE) announced today that the
Company has made available a Powerpoint Presentation developed by
Cantex Energy�s chief geophysicist providing the investment
community with a visual perspective of the continuing development
of the Company�s Big Canyon Prospect, located in the Val Verde
Basin, Terrell County, Texas leasehold. Through extensive
evaluation and interpretation of the seismic data conducted on
behalf of Cantex Energy, the Company recently identified four
drillable structures as the most advantageous locales from an
economic and risk/reward perspective to instate exploration and
development of its Big Canyon Prospect. The Big Canyon Prospect�s
surrounding region is included in the Powerpoint Presentation along
with information regarding well completion, production capabilities
and historic documentation of prior drilling activity. The
assimilation of the chief geophysicist�s analogs encompasses a
broad spectrum of seismic, production and geologic history in the
region. The refined presentation is a concise composition of
consolidated information that assists the viewer to better
understand the scope of Cantex Energy�s Big Canyon Prospect. From
the accumulation of these findings, the Company�s chief
geophysicist has reported that the review information is favorable
and drilling opportunities in these regions appear promising. To
view this presentation, Cantex Energy has made available the
Powerpoint Presentation to the investment community via the
Company�s website,
http://www.cantexenergy.com/pp/CANTEXWTexasOuachita.ppt. The
presentation can also be viewed via Cantex Energy�s recently
released state-of-the-art, dynamic Investor Relations information
CD, which provides extensive and conclusive information about the
Company and their positioning in the industry, corporate news and
general progress. To request a copy of Cantex Energy�s Investor
Relations information CD, please email your physical address to
denae@grosscapital.com or call Gross Capital, Inc. at 361-949-4999.
Additional information regarding the Company�s projects will be
forthcoming as developments warrant. About Cantex Energy 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. For real-time quotes,
how to trade pink sheet stocks, how to protect yourself and
additional stock information, please see www.pinksheets.com.
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 Barry Gross, Phone: 361-949-4999, or visit the
Company�s 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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