Cantex Energy Corp. (Pink Sheets: CTXE) announced today that the Company has completed preliminary discussions with its geophysicist, geologist and technical team regarding the structure of all three 2D Swath lines on Cantex�s Big Canyon Project, located in the Company�s Val Verde Basin, Terrell County, Texas, leasehold. The geophysicist�s interpretation of the seismic shoot appears to indicate a deep structure on two of the three lines and reveals a shallow structure on the one remaining line. This is most likely due to the orientation of the lines and is common in this area. Cantex�s management will be meeting this week with an aggregate of advisors to discuss the Company�s most feasible and optimal drilling options. Management plans to target the most opportune structure from an economic and risk/reward basis. Cantex Energy continues to evaluate seismic bids and discuss project opportunities regarding the Company�s West Ant Hills Prospect in Niobrara County, Wyoming. Further updates on the Big Canyon Project and West Ant Hills Prospect 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.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.
Arkose Energy (CE) (USOTC:RKOS)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Arkose Energy (CE) Charts.
Arkose Energy (CE) (USOTC:RKOS)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Arkose Energy (CE) Charts.