Gulftex Operating, Inc. News

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

For Immediate Release:

Frenchtown #2 – H update.

October 27, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces,
Frenchtown #2 - H a drilling update - spud date anticipated for late November.

Gulftex Operating, Inc., as contract operator for the Frenchtown #2-H, is pleased to announce that a drilling contractor has been selected and engaged to drill the Frenchtown #2-H and that the spud date will be tentatively set for late November. There will be a series of pre-spud meetings to implement a smooth drilling process. The drilling prognosis looks good and we are eager to begin. See projects page for pictures of the contracted Hitex (Rig #141) top drive drilling rig.


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 .

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