Cantex Energy Corp. (Pink Sheets:CTXE) reported today that the fundamental objective in the Company's seismic program is to determine where a structural closure might occur on its Big Canyon Prospect, located in the Val Verde Basin, Terrell County, Texas leasehold. It appears there is evidence of thrust rollover during the early stages of processing, however, it is still too early to pinpoint optimal drilling locations until processing of the seismic data has been completed. Previous geological and geophysical studies by Cantex Energy suggest possible structure rollover with the show of natural gas from previous data compiled from wells drilled in the early 1970's within the overthrust. To date, the data processors have reported running three refraction statics and have the final prep parameters. They are currently working on the residuals and velocities, which we hope will proceed in a timelier manner. Due to the increased volume of seismic work across the country, most processing centers have large backlogs of data to be processed and evaluated. Cantex is patiently awaiting the results of its seismic shoot. Additionally, the Company reported that its small working interest (2%) in the Brawner lease, Barnett Shale, has been completed and is now online. The current rate of production is approximately 1mmcf/day. Additional information regarding the Company's progress will be released 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.pinksheet.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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