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 29, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces,
Frenchtown #2 - H completes construction for gas delivery.

Gulftex is pleased to announce that the Frenchtown Common Delivery Point (CDP) has been completely constructed to facilitate the delivery of gas sales down the sales line from the Frenchtown #2- H well. The gas flow meters, all plumbing and valves have been installed as well.
The location is ready, the storage tanks have been set, the separator has been plumbed in and the entrance road has been reconditioned in anticipation of Frenchtown #2-H operational traffic. All State, City and local permits have been approved. The Texas Railroad Commission has issued the final permit and we are now ready to begin the next phase which is the drilling of the Frenchtown #2-H.

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 .

 







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