Traderboersenboard - Einzelnen Beitrag anzeigen - Cano Petroleum: Aktien werden zum Handel an der AMEX zugelassen

nrj · 17-08-2005, 13:22

hart unter die räder gekommen die letzten tage...

m.E. könnte das aber bald vorbei sein:

Press Release Source: Cano Petroleum, Inc.

Cano Petroleum Discusses SB-2 Filing, Presents at Oil & Gas Conference and Expects Third Phase Laboratory Testing Results
Tuesday August 16, 1:55 pm ET

FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 16, 2005--On August 12, 2005, a Registration Statement on Form SB-2, as amended (SEC File Number 333-126167) of Cano Petroleum, Inc. (the "Company") (AMEX: CFW - News) was declared effective by the SEC. The Registration Statement registered 6,980,707 shares of the Company's common stock. More than one-half of the shares were registered on behalf of third parties who either converted preferred stock to common stock or acquired common stock via private placement. The remaining shares were registered on behalf of directors, officers and employees of the Company. Most of these shares remain in escrow until July 1, 2006, or until specified performance criteria is met in the future. Although these directors, officers and employees are all listed as selling stockholders in the Registration Statement to potentially sell their shares, to the extent they presently have the right to do so, none of them currently intends to sell any of his or her shares in the near future. All of the shares covered by the Registration Statement are presently counted in the Company's 20,352,757 shares outstanding.
On August 8, 2005, Jeff Johnson, CEO, presented an overview of the Company's business at the 10th Oil & Gas Conference hosted by Enercom, Inc. in Denver, Colorado. This presentation and previous similar presentations are and have been on the Company's website and include an estimate of proved reserves computed by our independent petroleum engineer, an internal estimate of our probable reserves, the PV10 of such reserves at $43.63 barrel oil, information regarding the Company's properties and information regarding the Company's enhanced oil recovery methods.

The Company previously announced on July 20, 2005, the completion of the second of three phases of laboratory testing to evaluate enhanced oil recovery of its Nowata Field yielding positive results. The Company has not received any results of the third phase of testing and expects to release the third phase results on or about September 30, 2005.

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 www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the "safe-harbor" provisions of those Acts. Many important risks, factors and conditions may cause the company's actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Notes to Investors -- The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Cano uses "probable reserves" in this news release, which the SEC's guidelines strictly prohibit it from including in filings with the SEC. Investors are urged to also consider closely the disclosure in Cano's Form 10-KSB for the fiscal year ended June 30, 2004, available from Cano by calling 817-475-0000. This form also can be obtained from the SEC at www.sec.gov.

--------------------------------------------------------------------------------
Contact:
Cano Petroleum, Inc.
Investor Contact:
Craig Scott, 800-769-7205
craig@canopetro.com
or
Media Contact:
HWH Public Relations/New Media
Norman Iannarelli, 203-856-3487
norman@hwhpr.com

--------------------------------------------------------------------------------
Source: Cano Petroleum, Inc.

17-08-2005, 13:22	#30
nrj TBB Goldmember Registriert seit: Dec 2004 Beiträge: 641	auch AMEX schützt vor schwankungen nicht hart unter die räder gekommen die letzten tage... m.E. könnte das aber bald vorbei sein: Press Release Source: Cano Petroleum, Inc. Cano Petroleum Discusses SB-2 Filing, Presents at Oil & Gas Conference and Expects Third Phase Laboratory Testing Results Tuesday August 16, 1:55 pm ET FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 16, 2005--On August 12, 2005, a Registration Statement on Form SB-2, as amended (SEC File Number 333-126167) of Cano Petroleum, Inc. (the "Company") (AMEX: CFW - News) was declared effective by the SEC. The Registration Statement registered 6,980,707 shares of the Company's common stock. More than one-half of the shares were registered on behalf of third parties who either converted preferred stock to common stock or acquired common stock via private placement. The remaining shares were registered on behalf of directors, officers and employees of the Company. Most of these shares remain in escrow until July 1, 2006, or until specified performance criteria is met in the future. Although these directors, officers and employees are all listed as selling stockholders in the Registration Statement to potentially sell their shares, to the extent they presently have the right to do so, none of them currently intends to sell any of his or her shares in the near future. All of the shares covered by the Registration Statement are presently counted in the Company's 20,352,757 shares outstanding. On August 8, 2005, Jeff Johnson, CEO, presented an overview of the Company's business at the 10th Oil & Gas Conference hosted by Enercom, Inc. in Denver, Colorado. This presentation and previous similar presentations are and have been on the Company's website and include an estimate of proved reserves computed by our independent petroleum engineer, an internal estimate of our probable reserves, the PV10 of such reserves at $43.63 barrel oil, information regarding the Company's properties and information regarding the Company's enhanced oil recovery methods. The Company previously announced on July 20, 2005, the completion of the second of three phases of laboratory testing to evaluate enhanced oil recovery of its Nowata Field yielding positive results. The Company has not received any results of the third phase of testing and expects to release the third phase results on or about September 30, 2005. 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 www.canopetro.com. Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the "safe-harbor" provisions of those Acts. Many important risks, factors and conditions may cause the company's actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Cautionary Notes to Investors -- The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Cano uses "probable reserves" in this news release, which the SEC's guidelines strictly prohibit it from including in filings with the SEC. Investors are urged to also consider closely the disclosure in Cano's Form 10-KSB for the fiscal year ended June 30, 2004, available from Cano by calling 817-475-0000. This form also can be obtained from the SEC at www.sec.gov. -------------------------------------------------------------------------------- Contact: Cano Petroleum, Inc. Investor Contact: Craig Scott, 800-769-7205 craig@canopetro.com or Media Contact: HWH Public Relations/New Media Norman Iannarelli, 203-856-3487 norman@hwhpr.com -------------------------------------------------------------------------------- Source: Cano Petroleum, Inc.