I've attached a bit of old new. Taken however with the current price of a barrel of oil at under $20 and therefore a profit margin of just $2 at best, 5,000,000 barrels total in Montana is cosistant with a total profit of only about $10,000,000. It appears that that is what they want to borrow ($5 to 15 million). Not much room for profit margin. They are going to need that caspian oil. Can't find much information on the company. They supposedly have a web site but I've had a hard time connecting -- just get a blank page.
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HOUSTON--(BUSINESS WIRE)--Oct. 14, 1998--Matthew Markin,
president of Kentex Energy Inc. (OTC BB:KTNX), is pleased to announce
that the Company's project on Section 13 of Divide prospect, located
in Sheridan County, northeast Montana, is proceeding according to
schedule. The property is situated within the historic Williston basin
area; the Divide Oil prospect lies on the prolific State Line Trend
that parallels the Montana-North Dakota border and includes the Red
River fields of Anvil and Brush Lake that combined have produced in
excess of 10 million barrels of oil. Based on the current data, it is
estimated that the project should culminate in a total of six oil
wells encompassing both the Red River and Ratcliff formations. Initial
cumulative daily production is estimated at 2,400 barrels of oil per
day. Total production is projected in excess of 5 million barrels of
oil.
CONTACT: Kentex Energy, Houston
Investor Relations, 888/575-8825
www.kentexenergy.com
investorkentexenergy.com
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