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holding nicely here!
0.06 ? 0.002 (3.45%)
Volume: 651,864
0.06 ? 0.002 (3.45%)
Volume: 651,864
Bid Ask
0.058 0.062
not bad holding marks
nice support still seems solid, and getting nice hits in
As demand for renewable and alternative energy increases, CAVU Resources is working hard to position itself in the emerging markets of wind and solar energy. Currently, CAVU Resources is starting a wind energy project in Colorado.
great future projects already in progress
slowly but surely yes. by the way i think the company is involved with sustainable energy sources, which is another plus in the market business!
agreed, hey check this out pretty important stuff for the future!
With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
very nice, consolidating right now, we have alot of breathing room here imo
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits.
yes taking on her shape 0.063 0.005 (8.62%)
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed.
nice increase
not bad we have news potential here to kick start the day. starting from a low float.
0.059 ? 0.001 (1.72%)
Volume: 113,328
we have 63's on ask
nice start for today positive
charts are looking excellent here. expecting huge day tomorrow! lets go CAVR
HUGE NEWS FOR CAVR!!
CAVU Resources, Inc. Announces $2.2 Million in Revenue for Initial 2010 Annual Financial Results
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR : news
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
yes huge volume pored in, not a bad day still got time to get in for profits, im also expecting big greens tomorrow letss goo CAVR!!
CAVR :
outstanding news great stuff take a look everyone!
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR : News out today!!1
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
yes looking forward to a big day tomorrow, charts are tight so tomorrow we could see a nice bounce, company has huge potential!
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months
CAVR :
CAVU Resources, Inc. Announces $2.2 Million in Revenue for Initial 2010 Annual Financial Results
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR :
news
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
huge profits, i agree the lows wont last long with this kind of news solid news here! charts are still tight.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
News update CAVR :
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR : news
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
nice low float great time to get in the cheappies
CAVR :
news out!
CAVU Resources, Inc. Announces $2.2 Million in Revenue for Initial 2010 Annual Financial Results
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR :
awesome news here!
CAVU Resources, Inc. Announces $2.2 Million in Revenue for Initial 2010 Annual Financial Results
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR
news :
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
NEWs CAVR
ton of potential here!
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR :
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR: news
CAVU Resources, Inc. Announces $2.2 Million in Revenue for Initial 2010 Annual Financial Results
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVR : news out!!
great potential here! im expecting nice move
CAVU Resources, Inc. Announces $2.2 Million in Revenue for Initial 2010 Annual Financial Results
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU was able to increase revenues to $2,250,715 for 2010, while completing planned development with much of its production periodically shut down while improvements and upgrades were completed. Revenue on FILO Quip Resources, LLC increased 50% to $236,172 over its 2009 $120,142 results. CAVU has recently completed an equipment upgrade along with new wells planned on its Chisholm Lease over the next 12 months. EnviroTek Fuel Systems, Inc.'s revenues leveled out with new upgrades put on hold because of the pending sale, the 2010 revenue was $522,543 dropping slightly over its 2009 revenue of $588,683. The Parent company CAVU Resources, Inc. completed the sale of non performing assets and a 50% sale of its Chisholm lease bringing in $1,492,000 with an increase over last year's operations, the combined revenue grew from $2,011,780 in 2009 revenue to $2,250,715 in 2010. This resulted from acquisitions as well as internal growth, reducing net losses to approximately $133,915 compared to $197,000 for 2009. CAVU has grown its total assets from approximately $3,941,900 in 2009 to $5,876,015 million in 2011 with approximately $1.5 million in net assets.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
NEWS CAVR ::
great news out today!!
TULSA, OK--(Marketwire - 03/31/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the initial financial results of the company for 2010.
CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. CAVU has sold non producing assets and will focus only on cash flow positive acquisitions. Its operating company CAVU Energy Services, LLC has been contracted to drill a $5 million dollar project in Northeast Oklahoma along with the sale of Envirotek fuel systems inc. for $2.5 million dollars, these transactions will help secure CAVU's future growth and profitability. CAVU will focus on projects that can be funded with conventional borrowing and revenue sharing to reduce the need to issue new equity, by increasing production revenue and third party contracting; CAVU should enjoy continued growth in 2011. The final numbers could change and the company's annual report will be released with Pink Sheets at the close of business tomorrow after a final review from accounting and legal counsel.
"With substantial infrastructure costs developing our assets base and new revenue from our own producing oil and gas fields we feel 2011 will be a profitable year. With the recent sale and increased cash flow it is our hopes to be debt free in 2011," stated William Robinson, President of CAVU Resources, Inc.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., provides natural gas delivery and marketing thru its own pipelines and FILO Quip Resources, LLC, a licensed Oil and Gas Operating Company manages the company's properties and leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at http://www.cavu-resources.com.
CAVU plans to re-equip the project and put back into production approximately 40 of the identified oil and gas producing wells. With the recent work, the field is currently producing 4 to 5 barrels of oil a day with anticipated production being in excess of 100 barrels a day. CAVU has targeted the following zones: the Bartlesville Sand and Wayside Sand for oil, the Mulky Coal Bed, Roe Coal Bed and Mississippi Lime for Gas.
CAVU plans to begin the second week of June to install new equipment, storage facilities, begin well re-entry, well stimulation, and complete environmental audits and initiate an action plan utilizing historical data from engineers as well as targeting new drilling sites.
The JHF property CAVU is acquiring has 5 zones targeted that could potentially produce both gas and oil. The wells in the area have historically ranged from 600 to 1200 feet; these shallow wells will allow for a rapid development program. CAVU will install state of the art storage and control systems and use the existing transmission lines owned by Envirotek Fuel Systems, Inc. for its gas production and delivery.
"This agreement utilizes an undervalued property and with a minimal investment creates the potential to produce over 100 barrels of oil a day. This fits right into CAVU's plans to grow through valued acquisitions. This acquisition will continue to increase both our revenues and balance sheet," said William C. Robinson, CAVU's President.
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day then it meant ceiling and visibility unlimited. The pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc. chose the name CAVU because they believe that the company will be the embodiment of its name.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment.
Volume: 1,639,088 huge volume expecting big moves here soon!
Volume: 1,103,304
Bid Ask
0.055 0.06
still taking on a nice shape here
i agree once news comes out next week she could blow! we have easy potential for a nice run imo
good stuff its the American dream huge profits, our support is strong here