Aurex Energy Corp. announced that it has signed, through its wholly-owned US subsidiary, a letter of intent to enter into a joint venture, with a private arms-length third-party, to re-work a number of natural gas wells located in the Barnett Shale, Fort Worth basin, Texas, USA. The LOI sets out the framework for a definitive JV agreement to be finalized between the parties as soon as possible. The JV Partner will contribute $2.5 million to the JV to re-work shut-in natural gas wells, bringing them back into commercial production. The joint venture revenue sharing and operating details will be disclosed when the JV agreement is signed.