Cantex Energy Acquires Arkose Energy Inc.
April 10 2014 - 8:30AM
Business Wire
Cantex Energy Corp. (Pink Sheets: CTXE) announced today that it
has acquired Arkose Energy Inc. Arkose Energy Inc. (“Arkose”) is a
private oil and natural gas company focused on acquiring and
developing low-risk potentially high return projects in the United
States. Arkose is based in Toronto with oil and gas development
properties and prospects in Texas and the Rocky Mountains.
Bill Kerrigan, CEO of Arkose, stated “We feel that by combining
our efforts with those of Cantex Energy works to the strengths of
both companies in providing our combined shareholders the best
opportunity to realize their oil and gas investment goals. The
geological, engineering, and operational synergies that Arkose and
Cantex will achieve together provides the critical mass needed to
successfully compete in acquiring and developing additional oil and
gas reserves.”
Mr. Kerrigan is a geologist with 34 years experience in
petroleum exploration, development, and management. Prior to
founding Arkose Energy, Mr. Kerrigan worked with a number of oil
and gas companies in roles of increasing responsibility as an
exploration geologist, operations manager, and senior
executive.
Cantex Energy Corp. engages in the acquisition and development
of oil and gas properties, focusing on development opportunities
located onshore and within the United States. The Company works to
acquire economically recoverable oil and gas reserve where our
geologic and engineering expertise with the application of the most
up to date technologies can identify significant additional value.
(info@cantexenergycorp.com)
Cantex Energy Corp.Paul Henley,
972-687-9110phenley@cantexenergycorp.com
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