"The surfactant supplier's lab
results confirm our expectation of the surfactant technology's capabilities,
and we look forward to combining it with the ASP application to increase the
amount of oil recovered and rate at which it is produced . These and other
risks are described in our Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission.

dramaturges defines

Additionally, customers can also pay their Verizon Wireless and Wireline bills
in the Plus stores, as well as enroll for Verizon's One Bill product, which
provides customers with the capability of combining their Verizon Wireline,
Wireless, and DirecTV charges onto the Verizon local bill.
"These initial test results affirm and bolster Cano's strategy to apply
enhanced oil recovery methods to mature oil fields," said Jeff Johnson,
chairman and chief executive officer of Cano. Led by an
experienced management team, Cano's primary focus is on increasing domestic
production from proven fields using enhanced recovery methods.

refers aesthetic

For more information about Phoenix Theatre visit
www.

(1) One-year free Verizon Online DSL or Dial Internet service is
available to qualifying customers only. After initial
testing, Surtek has identified promising ASP chemistry.

preparing modes

"
Verizon opened the contest to third through eighth grade students in
Hillsborough and Pinellas counties, as part of the company's commitment to
supporting the education and development of children throughout the country
and in the Tampa Bay area. Mr.

defining centering

Verizon
Wireless owns and operates the nation's most reliable wireless network,
serving 42.
Cano anticipates as much as 4,000 bopd within 18 to 24 months after full
field implementation operations begin, most likely in 2006.

massimo dramaturgs

Kelly (Lifetime Achievement). Jones first became the voice of Bell Atlantic in 1989 when he was
featured in a commercial campaign for Bell Atlantic Directory Services.

playscripts linguistic

At the Nowata Field, Cano is preparing to implement Alkaline-Surfactant-
Polymer (ASP) technology, an advanced combination of inexpensive chemical
additives that have proven effective after recovering as much as 30% of the
original oil in place (OOIP) following the initial waterflood.

concentrates defines

"
Honored for their outstanding support of Phoenix Theatre, and arts
and education generally in Arizona, were: Governor Janet Napolitano
(Outstanding Achievement); Leah Hoffman-Langerman (Community
Leadership); Kathleen Lang (Community Leadership); Watson Wyatt +
Co. Tampa Bay Students: 'Why Are Computers and the Internet Important to My
Education and My Future?'

TAMPA, Fla .

linguistic dramaturg

"Phoenix Theatre's Women Who Care success -- with more than 400 in
attendance -- is a testament to this community's enthusiasm for the
arts and specifically professional theater," said Barnard . Initial Testing Using Surfactant-Only Enhanced Recovery Method Delivers
19 %, 21% and 28% in First Three Tests

FORT WORTH, Texas, Following positive
test results , Cano Petroleum Inc.
Cano partnered with Surtek of Golden, Colo.
Based on Surtek's in -depth reservoir analysis, Cano will commence an
expanded pilot to determine future application there . 14, 2004.

refers playwrights

About Verizon Communications
Verizon Communications Inc., in December 2004 to determine
whether ASP could be utilized as the lead technology at the Nowata Field to
enhance oil recovery efforts and maximize oil recovery.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Except for historical information contained herein, the statements in this
Press Release are forward-looking statements that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties , which may cause our actual results in future periods to differ
materially from forecasted results .

necessary defining

"We
continue to be honored for our devoted volunteers, board of directors,
staff and supporters who have helped to exceed our goal.
Phoenix Theatre was founded in 1920 and is the oldest arts
institution in the state of Arizona. All of these
services are provided in an environment that embodies outstanding customer
service. No new
exploratory drilling will be necessary in the pilot phase, though Cano plans
to drill a well to obtain a new core sample for further Surtek lab analysis.
Cano acquired the Nowata Field on Sept.

arka dramaturgs

(Corporate Support); and Patsy J.
"We are committed to promoting the importance of advancing technologies in
today's world," said Phil Brown, Vice President of Specialty Sales, Verizon.

About Verizon Plus
Verizon Plus is the only face-to-face sales and service channel that
provides Verizon customers with one-stop shopping for all of their residential
and small business telecommunications needs. Additional
information is available at http://www .

aesthetic massimo

1 million voice and data customers across the United States.

defines literary

Phoenix Theatre's Women Who Care Fundraiser Exceeds Goal

com .

selecting compilation

Most students are growing up in a digital world and
must have computers as a tool for productivity as well as for learning,
research, networking, collaborating, and problem solving.verizon.

artslynx dramaturges

In addition, each student was entered into a
drawing for a chance to win a laptop computer and free Verizon Online DSL or
Dial Internet service for one year(1). (NYSE: VZ) is one of the world's leading
providers of communications services. Cano's
third-party engineers, using SEC price decks, have concluded that there are an
estimated one million barrels of proved producing oil reserves from 228
producing wells at 600-foot depth.

playwrights defines

Event Co-Chairs Betty McRae and Brenda Sperduti made the
announcement following a luncheon celebrating four individuals and one
corporation for their contributions to the community with a musical
production staged by Phoenix Theatre's internationally recognized
Producing Artistic Director Michael Barnard.

James Earl Jones and Verizon Honor Local Student Essay Contest Winners

Jones' current
activities as corporate spokesperson for Verizon include participation in many
events around the country.

For media inquiries, contact: For investor inquiries, contact:
Kenneth Kracmer Bob Schwaller
Michael + Partners Michael + Partners
972-716-0500 ext.

linguistic compilation

org or call the theater box office at 602-254-2151 to
secure your season tickets today.

ABOUT CANO PETROLEUM:
Cano Petroleum Inc.net

centering concentrates

phxtheatre. Technology and the Internet must play an integral role in providing
students with the skills needed to succeed in the 21st century technology-
driven world economy. With a diverse work force of
approximately 208,000, Verizon has four business units: Domestic Telecom
serves customers based in 29 states with wireline telecommunications services,
including broadband, nationwide long-distance and other services. And, when GTE and Bell Atlantic merged in June 2000 to become
Verizon Communications, that partnership was extended.

A portion of
the new funding will also support the complementary application of a
surfactant-only method to recover bypassed oil remaining in the producing
Bartlesville Sandstone formation in the field. The 2,600 -acre field has approximately
58 million barrels of OOIP which could yield up to 16 mmbu of oil using ASP
technology. is an independent Texas-based energy producer with
properties in the mid-continent region of the United States.

selecting preparing

Business Editors/Entertainment Editors

PHOENIX----Phoenix Theatre's Women
Who Care celebration luncheon held this week at The Arizona Biltmore
Resort + Spa exceeded its fundraising goal, netting more than $40,000
in support of Phoenix Theatre and its Cookie Company Theatre for
Youth. Judy
Ambler, Supervisor, Pre K-12 Instructional Technology, Pinellas County School
District. For more
information, visit http://www. 15 972 -243-0439
bob@horizonmarcom.

Dramaturgy refers to a set of activities necessary to the theater -making process, often centering around the work of selecting and preparing playscripts for production .

practitoners artslynx

It is also the only professional
theater in the Valley that provides programming that spans all
generations., Award-winning actor and Verizon
spokesperson James Earl Jones today honored Tampa Bay area students who
submitted winning essays in a Verizon sponsored contest on the topic, "Why are
computers and the Internet important to my education and my future?" Eight
student finalists received plaques from Jones at the Carrollwood Verizon Plus
Store on Dale Mabry in Tampa.
"The essay contest is an excellent opportunity to help local grade school
students understand the vital role technology plays in their academic
development. Education is
preparing students for their future.com.

necessary playwrights

Cano Petroleum Yields Positive Results With Enhanced Oil Recovery Testing at Nowata Field

literary selecting

International includes wireline and wireless
operations and investments, primarily in the Americas and Europe. He
proved to be so popular that he was adopted as a corporate-wide spokesperson
in 1995. A series of
independent lab results by a surfactant supplier have exceeded expectations ,
increasing recovery from 19% to 28%."
Current production at the Nowata Field is approximately 250 bopd.canopetro.

necessary aesthetic

Phoenix Theatre's mission is to enrich the quality of
life within the community by producing quality professional theater,
creating education/outreach theater programs, developing and
presenting new plays and musicals, and supporting emerging performing
arts organizations.

Technology and the Internet are today's
tools for assisting them in achieving 21st century skills ," said Ms.
Information Services operates directory publishing businesses and provides
electronic commerce services.

About James Earl Jones - Verizon Spokesperson
Mr. Cano is traded
under the ticker symbol CAOP on the NASD Bulletin Board.

literary defining

"
"Pinellas County is extremely proud of the achievements of these eight
students. The Verizon Plus retail store
fronts provide Verizon customers with an outlet where which they can purchase
telecommunications equipment, Verizon Wireless service (where available), DSL,
Long Distance, DirecTV, bundled services, and other Verizon services . (OTC Bulletin Board: CAOP) plans to expand
its enhanced oil recovery efforts in its Nowata Field , located in northwest
Oklahoma, and continue its growth and acquisition strategy through recently
acquired additional funds. These risks and uncertainties include,
among other things, volatility of natural resource prices, product demand,
market competition, and risks inherent in our operations .