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Gulftex Operating, Inc. News
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Paul H. Cheong Joins Gulftex Operating, Inc. and TBX Resources, Inc.
February 18, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Paul H. Cheong has joined Gulftex Operating, Inc. as Senior Reservoir Engineer and Exploration Manager. Paul H. Cheong will also serve as an adviser to TBX Resources, Inc. According to Tim Burroughs, Gulftex Operating, Inc., President, "We felt the time was right to bring in top reservoir engineering talent and Paul Cheong has the kind of expertise we needed to manage our existing assets and help evaluate future opportunities. As Senior Reservoir Engineer and Exploration Manager, Paul will make a huge contribution to our highly skilled management team and the company's aggressive growth plans." Before joining Gulftex Operating, Inc., Paul Cheong served as Reservoir Surveillance Manager for Exxon/Mobil Production Company of Houston, Texas. There, he was responsible for reservoir engineering support of Middle East, CIS and African assets. Prior to that, Paul was Reservoir Engineering/Technical Manager for Mobil Producing Nigeria in Lagos, Nigeria where he led the Reservoir Engineering department of Mobil's highest-growth E&P affiliate. Paul spent over 20 years in various capacities for Mobil Oil Corp. including Reservoir Simulation Engineering Planning and Research and Development. Prior to that, Paul was a reservoir engineer for Arabian American Oil Company (ARAMCO) in Saudi Arabia. Paul Cheong holds a PhD in Chemical Engineering from California Institute of Technology, a Bachelor of Chemical Engineering from the University of Minnesota with High Distinction and Bachelor of Mathematics, University of Minnesota, with High Distinction and is a member of the Society of Petroleum Engineers. ABOUT GULFTEX OPERATING, INC. In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc., has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnett Shale projects. The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale. For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com. FORWARD-LOOKING STATEMENT DISCLOSURE This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements. There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses. Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement. SOURCE Gulftex Operating, Inc. Contact: Tim Burroughs, CEO Gulftex Operating, Inc. 3030 LBJ Freeway Suite 1320 LB#47 Dallas, Texas 75243 972-243-2613 Don Lokke, Media Relations Lokke Advertising Don@LokkeAdvertising.com 972-490-5167 |
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 Contact Information 3030 LBJ Freeway - Suite 1320, LB 47 Dallas, Texas 75234 Telephone (972) 243-2613 | Fax (972) 243-2066 E-Mail: info@gulftexoperating.com © 2005, Gulftex Operating All rights reserved  Design by Fossil Design |
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