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Cano Petroleum CEO Responds to Lawsuit from Texas Panhandle Landowner on March Fires; Panhandle Production at 95% of Normal Operation.

Publication: Business Wire
Publication Date: 18-APR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
FORT WORTH, Texas -- Cano Petroleum, Inc. (AMEX:CFW) ("Cano") Last month, Cano Petroleum Chairman and CEO Jeff Johnson helped Cano's subsidiary, W.O. Operating Company, direct its employees' efforts in response to massive wildfires in the Texas Panhandle. Three weeks later, Johnson is stunned and disappointed that Cano and three of its subsidiaries have been sued by the Burnett Trust, owners of the Four Sixes Ranch.

"We don't understand it. It looks like they want to fight fires with lawsuits," said Johnson. "Our focus has been on protecting the land...

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