CanTex Energy Corp. Announces Purchase Agreement for Assignment of Oil & Gas Leases in Eastland County, Texas
November 02 2010 - 1:31PM
Marketwired
CanTex Energy Corp. (PINKSHEETS: CTXE)
announces that they have entered into a purchase agreement to
acquire approximately 2300 acres (more or less) in Eastland County,
Texas from Reh Oil and Gas. The lease is located in the north
mangum field and has a total of 26 wells; 23 wells that are
producing from the marble falls reef and 3 disposal wells. The due
diligence period and closing is expected before the first day of
February, 2011. West Texas Royalties and Kiowa Oil Co. were the
brokers for the transaction.
CanTex Energy Corp. 6301 Waterford Blvd. Ste. 403 Oklahoma City,
OK 73118 (405) 601-9745
West Texas Royalties, Inc. Plainview, TX 79072 (806)
729-1728
Kiowa Oil Company 980 Noble Champions Way Bartonville, TX 76226
(940) 725-3671
About CanTex Energy Corp.: CanTex Energy
Corp. (the Company) is a development stage, independent natural gas
and oil company engaged in the acquisition, exploration, and
development of natural gas and oil properties in the United States
and Canada.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the "Act"). Additionally, words such as "seek," "intend,"
"believe," "plan," "estimate," "expect," "anticipate" and other
similar expressions are forward-looking statements within the
meaning of the Act. Some or all of the events or results
anticipated by these forward-looking statements may not occur.
Factors that could cause or contribute to such differences include
the future U.S. and global economies and the impact of competition.
CanTex Energy Corp. does not undertake any duty nor does it intend
to update the results of these forward-looking statements.
CONTACT: Steve Jones Email Contact 972 712-1039
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