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Alt 11-07-2005, 16:18   #18
nrj
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Press Release Source: Cano Petroleum Inc.


Cano Petroleum to Ring Opening Bell at American Stock Exchange
Monday July 11, 10:00 am ET


FORT WORTH, Texas, July 11 /PRNewswire-FirstCall/ -- Cano Petroleum Inc. (Amex: CFW), an oil and gas producer focused on enhanced oil recovery of mature U.S. oil fields, will ring the opening bell at the American Stock Exchange on Tuesday, July 12, 2005. Cano began trading on the Amex on May 5, 2005.
"As a U.S. company producing oil and gas in the USA for the USA, we are working hard to reduce our country's dependence on foreign oil sources. So it is especially meaningful for the Cano team to have the honor of opening trading for the American Stock Exchange on Tuesday," said Jeff Johnson, chairman and chief executive officer of Cano. "We are also proud to have reached yet another milestone in our growth. As a publicly-traded company, we look forward to providing our shareholders with increasing value as we move forward."

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano's primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at http://www.canopetro.com .

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

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 of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of natural resource prices, product demand, market competition, and risks inherent in our operations. These and other risks are described in our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.


For media inquiries, contact: For investor inquiries, contact:
Kenneth Kracmer Bob Schwaller
Michael & Partners Michael & Partners
972-716-0500 ext. 15 972-243-0439
kkracmer@michaelpartners.com bob@horizonmarcom.net




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Source: Cano Petroleum Inc.
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