Gulftex Operating, Inc. 3030 LBJ Freeway Suite 1320 LB#47 Dallas, Texas 75243  -  972-243-2613

1/7/2010
 
 
Frenchtown #2-H Update
 
Attn: Partners
 
Frenchtown Acres, LLC, Management is pleased to announce that the Frenchtown #2-H well was drilled to a total depth of approximately 12,000 feet on January 7, 2010.  The casing has been set and cemented and a full log demonstrates hydrocarbons (natural gas) were encountered beginning at a depth of 6,718 feet, all the way through total depth.  We will update you when fracing procedures begin. 
 
Please visit www.gulftexoperating.com for photos of this project.
 
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 20 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 numerous 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