Cantex Begins Analysis of Big Canyon Data

Cantex Energy Corp. said that the recorded data for the first of three lines of 2D swath seismic of its Big Canyon Prospect, located in the Val Verde Basin, Terrell County, Texas, is now being processed by Fairfield Industries, Inc.

Fairfield has begun loading the first seismic line, which will take a few weeks to be evaluated through digital processing/computer analysis due to geometric considerations; however, lines two and three should be processed more rapidly. The seismic shoot ranged from 3000' to 20,000' deep. Cantex will provide additional updates on this project as developments warrant.

Cantex is reported that it has acquired a 2-percent working interest in three wells in the Barnett Shale area of Hood County, Texas. The first well expected to be fractured this month. The company is optimistic that this small working interest will result in additional participation in the Barnett Shale area.

Cantex added that it remains dedicated to the exploitation and development of the West Ant Hills Prospect in Niobrara County, Wyo. This project calls for a 3D seismic shoot and analysis of the company's approximately 1,200 acres in this prospect. The seismic shoot is currently pending crew availability.

"We continue to focus our efforts on preparing the fundamental aspects that will provide a solid foundation for our business to prosper,” said Trace Maurin, Cantex’s president. “We remain diligently focused on completing the steps necessary to position Cantex as a more widely recognized player in the oil and gas arena.”

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 Wyo.