Cantex Energy Corp. (Pink Sheets: CTXE) announced today that the Company has received an extensive review and analogs from its chief geophysicist regarding the Ouachita Thrust facies of its Big Canyon Project located in the Val Verde Basin, Terrell County, Texas leasehold where Cantex currently controls 12,000 acres. The information provided shows that within approximately 43 miles of the Big Canyon Ranch prospect there are three regions of particular interest. The Pinon Field, discovered in 1998, is a Thrusted Dimple/Caballos. Since 1998, 112 wells have been drilled in the Pinon field to a depth of approximately 8,500 feet with total production of 90bcf of gas produced to date. The Thistle Field, another Thrusted Caballos, was discovered in 1984. Fifteen wells have been completed to a depth of 5,000 feet with approximately 4.6bcf of gas produced. In 1979, McKay Creek, a subsequent Thrusted Caballos, was discovered and 10 wells were drilled to a depth of 7,000 feet, producing approximately 13.2bcf of gas. Cantex�s geophysicist recently completed the Pinon Field Analog Study and has reported the findings look promising. Cumulative and average production by formations in the Pinon Field is as follows: In the Dimple, there have been 95 completions drilled to a depth of 5,000 feet with a cumulative production of 33,243,639 and an average production per well of 349,933mcf. In the Caballos, there have been 10 wells completed to a depth of 7,000 feet with a cumulative production of 54,893,080 and an average production per well of 5,489,308mcf. In the Tesnus, there have also been 10 wells completed to a depth of 8,500 feet with a cumulative production of 1,025,938 and an average production per well of 102,594mcf. As stated in Cantex�s earlier releases, the Company has targeted four drillable structures that it believes offer the most promising results for exploration activities. With the recently received analogs, the Company has a more thorough understanding of the structures that lie within its 12,000-acre leasehold. Historic analysis and results from the region lend credence to Cantex�s future drilling prospects. The Company is currently examining the most cost-effective means by which to execute on its business plan and proceed with the drilling of its initial four targeted exploration opportunities. Spacing configurations encompassing the 12,000-acre leasehold allow for approximately 160 wells to be drilled on the Big Canyon Project. 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.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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