RKOS Arkose Energy Corporation (CE)

Cantex Energy Corp. (Pink Sheets: CTXE) announced today that it, in conjunction with Big Canyon Energy, LLC, has entered into a Letter of Intent (LOI) with an established Texas operator who will lease, purchase, operate, drill, develop and own working interests in the Big Canyon Prospect area (�Prospect area�) in the West Texas Overthrust, Val Verde Basin, Terrell County, Texas. The Texas operator, an aggressive oil and gas exploration/development company who has drilled over 3,500 wells in 10 states, will earn up to a 50% working interest, with a 75% net revenue interest in the Prospect area, consisting of approximately 20,000 to 30,000 net mineral acres. Per the LOI, the parties have agreed to negotiate in good faith with the intent to enter into a mutually agreeable Joint Operating Agreement and Area Of Mutual Interest Agreement within the next 45 days. More information regarding the company�s projects and initiatives 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.