Gulftex Operating, Inc. News

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

Frenchtown #2-H Update
Attn: Partners
Frenchtown Acres, LLC, Management is pleased to announce that yesterday we started the drilling phase of the Frenchtown #2-H.  Gulftex Operating, Inc., is a licensed bonded operator registered with the State of Texas and is the contract operator for this well. HiTex Drilling (Rig #141) is the drilling rig that is on location and drilling the well.  The first phase of the drilling will consist of drilling vertically to 1,480’ then setting 9 5/8” surface casing and cementing that to the surface. Beyond that we will continue to complete the drilling phase. Our total measured depth will be approximately 12,450’.

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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