DALLAS--(BUSINESS WIRE)--Cantex Energy Corp. (Pink Sheets: CTXE) announced today that it has acquired Arkose Energy Inc. Arkose Energy Inc. (“Arkose”) is a private oil and natural gas company focused on acquiring and developing low-risk potentially high return projects in the United States. Arkose is based in Toronto with oil and gas development properties and prospects in Texas and the Rocky Mountains.
Bill Kerrigan, CEO of Arkose, stated “We feel that by combining our efforts with those of Cantex Energy works to the strengths of both companies in providing our combined shareholders the best opportunity to realize their oil and gas investment goals. The geological, engineering, and operational synergies that Arkose and Cantex will achieve together provides the critical mass needed to successfully compete in acquiring and developing additional oil and gas reserves.”
Mr. Kerrigan is a geologist with 34 years experience in petroleum exploration, development, and management. Prior to founding Arkose Energy, Mr. Kerrigan worked with a number of oil and gas companies in roles of increasing responsibility as an exploration geologist, operations manager, and senior executive.
Cantex Energy Corp. engages in the acquisition and development of oil and gas properties, focusing on development opportunities located onshore and within the United States. The Company works to acquire economically recoverable oil and gas reserve where our geologic and engineering expertise with the application of the most up to date technologies can identify significant additional value. (info@cantexenergycorp.com)