RKOS Arkose Energy Corporation (CE)

Cantex Energy Corp. (Pink Sheets: CTXE), is pleased to announce today it, in partnership with Big Canyon Energy, has entered into an Exploration & Development Agreement with Slawson Exploration, Inc., based in Wichita, Kansas to operate and own working interests in the Big Canyon Prospect area (�Prospect area�) in the West Texas Overthrust, Val Verde Basin, Terrell County, Texas. Per the Agreement, Slawson Exploration will earn a 45% working interest in operating the project, which covers an initial 17,151 acres of prospective natural gas lease held by Big Canyon Energy and 7,680 acres of lease option. Beyond the lease and option coverage, the total Area Of Mutual Interest (AMI) between the parties includes approximately 89,929 acres. Cantex Energy has the right to participate throughout the AMI based upon Cantex�s payment of future pro rata drilling and any additional lease/option costs. Big Canyon Energy et al retains a 39.375% working interest with Cantex Energy holding the remaining 15.625% working interest. Provisions within the Agreement include fully executed pipeline rights-of-way (13.5 miles) for tie-ins to the natural gas collection, processing and distribution network in the area. The parties are now reviewing the historical seismic and related data for selection of the first two wildcat drill sites. The parties may propose additional participation by other major and independent operators within the trend. �We have been diligent in our process to align ourselves with the most reputable party possible to assist us with fostering the components and ingredients necessary to execute our business plans,� Trace Maurin, President and CEO of Cantex Energy Corp. said. �Cantex Energy�s engagement with Slawson Exploration will play an essential role in the aggressive galvanization of our Big Canyon Prospect area, and we look forward to benefiting from Slawson�s vast experience and depth of management for which they have been so widely recognized.� About the West Texas (Ouachita) Thrust (WTO) and Big Canyon Prospect The prospect is located in Terrell County, TX, along the Ouachita Overthrust, a geologic trend that extends from Texas east/northeast through Oklahoma and Arkansas, where it is prolific. The West Texas (Ouachita) Thrust has been in production since the 1970�s as a marginal play, only recently becoming one of North America�s most prolific new natural gas trends as a result of seismic imaging and drilling technology improvements. Cantex Energy earned the right to participate in the Big Canyon Prospect by funding and deploying a state-of-the-art seismic study of the prospect area in 2004-2005. Seismic interpretation of the new data suggests the presence of at least 5 large imbricate fault closures, covering perhaps more than 10 square miles, highly similar to the character of Pinon Field in Pecos County, TX, approximately 40 miles northwest of and on-trend with Big Canyon Prospect. Sandridge Energy Inc., (NYSE: SD) operates Pinon Field, and reports an estimated ultimate recovery (EUR) within Pinon Field of over 5 trillion cubic feet (TCF) natural gas. Big Canyon Prospect is further set-up by the presence of potentially commercial quantities of natural gas as close as approximately 5 miles from the leasehold, and within the AMI, a discovery well drilled in 2004 by Sandridge�s predecessor Riata Energy, which flowed almost 2 million cubic feet per day on a 16/64 production choke. This �show� is believed to have occurred within the objective thrusted Pinon Field-type Caballos reservoirs. Pending working interest decisions and actions, the companies expects to participate in two exploratory wells, testing the presence of potentially significant reserves of natural gas on 2 of the 5 imbricate closures within the Big Canyon Prospect next year, 2009. About Slawson Exploration, Inc. As an aggressive oil and natural gas exploration firm, Slawson Exploration, Inc. focuses on risk-reduction technological advantages in time-tested, prolific geologic provinces, delivering greater returns for investors. For more information about Slawson Exploration, Inc., please visit their website at www.slawsoncompanies.com. 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, Gross Capital, Inc., 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.