Cantex Energy Corp. Reports an Update on the Big Canyon Project
07 April 2006 - 3:51AM
Business Wire
Cantex Energy Corp., (Pink Sheets:CTXE) announced today an
additional 19,000 acres optioned on the Big Canyon Project. Trace
Maurin, President of Cantex Energy, commented, "We are very pleased
to report that the negotiations for acquisition of options are now
complete and we now have all of our targeted lands under our
control. If the seismic proves up the area this will be an
extremely good position for the Big Canyon Project." Mr. Maurin
goes on to say, "We are currently going over bids from seismic
acquisition companies that will actually do the seismic work on the
Big Canyon Project. The GPS survey is coming to completion and the
next phase will be shooting the seismic." 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 exploration and development
of the Big Canyon Project in West Texas. 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 Deborah Walters, Phone: 877-332-2875, ext. 501 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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