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0.051 0.003 (6.25%)
Volume: 146,000
Bid Ask Day's Range
0.05 0.051 0.049 - 0.051
5s are up and still holding green
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.
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.
CAVR
:
Cavu Resources (CAVR)
0.05 ? 0.006 (13.64%)
Volume: 872,021
Bid Ask Day's Range
0.0491 0.05 0.04 - 0.05
veryyy productive day today! ton of potential
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
LETS GOOOO CAVR! already about 12% i really wanna see the 05
CAVR im very excited for next news this thing could blow up nice runn but until then we need patients to see it happen, very productive todays been. lots of potential!
now we are rolling great action!
i agree shouldn't be long, we have a great run today! up 11.5 %
very nice good luck!
its very very close already and i think its very likely to happen today been having a rise in each category!
solid stuff im having high expectations here
yeah nice keep your eye on this one solid so far, news is setting impact day, on to 0.005 and keep on rolling
yes i think theres more to come too, its been in great shape for a good while now holding and staying green solid execute
0.049 ? 0.005 (11.36%)
Volume: 824,805
we are uppp lets keep the 0.005
hitting very well here, holding its action nicely!
Volume: 828,805 very good. acquisition of stock
its very close we almost broke that point couple days ago but hey i think this time with our news and chart structure we could get easily even brake it
CAVR news
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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
weve got a solid runner here
CAVR news out!
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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
CAVR :
news
"Steady accumulation going on, we're building a base here. Getting ready for .05s soon. IMO"
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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
Steady accumulation going on, we're building a base here. Getting ready for .05s soon. IMO
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, 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.
CAVR :
news
CAVU Resources, Inc. Acquires Hogshooter 900 Acre 60 Well Lease in Nowata, Oklahoma
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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. Acquires Hogshooter 900 Acre 60 Well Lease in Nowata, Oklahoma
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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. Acquires Hogshooter 900 Acre 60 Well Lease in Nowata, Oklahoma
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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 - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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 hitting things off right way.
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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.
charts forming nicely
CAVR :
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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 - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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 this is a very productive stock its a keeper imo, also im glad too see it staying green patients always pays off
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.
CAVR GREAT NEWS TODAY!!
CAVU Resources, Inc. Acquires Hogshooter 900 Acre 60 Well Lease in Nowata, Oklahoma
TULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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.
great stuff so far and we are up 10%
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
the project is going to be on an awesome start!
CAVR :
news
ULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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 great news out today!!
CAVU Resources, Inc. Acquires Hogshooter 900 Acre 60 Well Lease in Nowata, Oklahoma
ULSA, OK--(Marketwire - 03/28/11) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), entered into an agreement with JH Field Service, LLC ("JHF"), an Oklahoma limited liability company, to purchase a 900 acre and 60 well lease in Nowata County, OK known as the Hogshooter Lease.
The agreement calls for CAVU to purchase the 900 acre project for $140,000 in cash and in $10,000 stock. CAVU plans to capitalize on the project by re-enter the existing wells, utilizing new technology, chemically treating and re-stimulate the wells. The project originally was a water flood and produced approximately 2,000,000 barrels of oil over a 20 year period. The project was shut in for about seven years and with limited reworking and stimulation of the wells until JHF acquired the project in 2009. JHF has re-entered 4 wells and cleared the locations for 20 more.
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.
CAVU's 100% owned subsidiary, 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 through 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.
very successful stock lets go CAVR
0.048 ? 0.004 (9.09%)
Volume: 638,750
Bid Ask Day's Range
0.047 0.048 0.04 - 0.049
doing very strong right now running green
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ENERGY NEWS
Iowa City looks to landfill for energy - Chicago Tribune March 27, 2011
Discrepancy in power prices fuels opponents of Cape Wind - Boston Globe March 27, 2011
Iowa Energy fall behind early in loss at Erie - DesMoinesRegister.com March 27, 2011
NRG Energy CEO on the Uncertain Future of Its Nuclear Project - Reuters March 27, 2011
Kentucky churches battle design to find energy savings - Louisville Courier-Journal March 27, 2011
Solar canopy energizes Cincinnati Zoo - USA Today March 27, 2011
China, Energy Stocks to Lead Asia's 2011 Gains, Credit Suisse Survey Shows - Bloomberg March 27, 2011
Untying The Knots: Realising Wind Energy's Potential Nz Wind Energy Conference ... - Voxy March 27, 2011
Wash. state faces quandary with coal it won't burn - The Seattle Times March 27, 2011
BUYINS.NET: SWIFT ENERGY CO (NYSE:SFY), Up By 10.42% ($3.99) From $38.290 ... - TMC Net March 27, 2011
PRODUCTS & SERVICES
Oil and Gas Production Projects
One of CAVU’s competitive advantages is its access to top shelf deal flow for projects in areas where major established companies have spent the millions of dollars to take the risk out of finding and proving up an area. Some of our current projects that demonstrate this are the following:
6,500 Acre Project in Northern Montana
160 Acre Project in Garfield County, OK
3,140 Acre Project in Nowata County, OK
190 Acre Project in Garvin County, OK
65 miles of pipeline in Nowata County, OK
0ver well locations with 25 reworked and producing both natural gas and oil
Recently upgrade production and storage facilities in Garvin County, OK
Recently approved 50,000 barrel a day commercial disposal well in Garvin County, OK
Drilling Services
CAVU owns two drilling rigs and the associated heavy support equipment. The first rig (at right) is rated to 4,500’. The second rig is an air rig that is rated to 2,000’.. CAVU has access to seasoned drilling crews both to work its own leases and to lease drilling services on a contract basis.
To receive information about our drilling services, please click here.
Alternative Energy Projects
The main ‘wind corridor’ in the United States is a 1,200 mile area that runs from Wyoming through Colorado and Kansas into Oklahoma, New Mexico and Texas. In this corridor, wind farm developers include Cielo Energy, Florida Power and Light, Third Planet, Seawest, National Wind, John Deere Wind and others. These are the companies that are now most actively contracting with Landmen/Land Agents to buy up the rights to develop surface projects and leases within this trend. CAVU has identified four potential Wind Farm locations and is working to negotiate the right to purchase wind energy leases.
In December 2007, the Colorado Governor’s Energy Office (CGE) presented to Governor Bill Ritter a 70 page Report outlining all studies of renewable energy within the state. This report identifies areas defined as generation development area (GDA), and CAVU is working to secure leases within these GDA’s where it has been independently verified that there is sufficient wind generation to sustain a wind farm. These areas range in potential generation from 2 Gigawatt (GW) of power to 45 GW.
CAVU has secured a 10,000 acre option on a tested and approved wind farm in Northern Colorado. The company is also negotiating possible joint ventures with developer and manufacturer of wind energy systems.
Security Systems
Oil field security is growing business segment with renewed security threats to oil and gas fields around the world. With volatile prices, and difficult economic times, the theft of product and equipment has opened a new revenue opportunity for CAVU’s client base. CAVU has recently developed a security tower utilizing products currently in use by security professionals in government, critical infrastructure, transportation and other security environments. CAVU has installed some of their R and D technology on the GARVIN County Lease. This has given CAVU access to proven, night vision technology, motion sensor and GPS monitoring security technology. CAVU’s systems will provide long-range night vision solution that captures detailed, natural contrast images in zero light at ranges of up to 3,000 meters, even in foul weather and through tinted glass. Delivered via our proprietary camera and hardware system, CAVU’s security technology is ideal for perimeter security in oil security, government, transportation, critical infrastructure and other security environments.
Energy Trading
CAVU has recently set up operations in Seattle, Washington for fuel and crude oil trading and has secured several suppliers for crude oil, D-2 and JP 54 fuel supplies. Representatives looking for multi ton purchases of these products have approached CAVU, with multiple transactions currently under negotiation.
Possible Future Business Units
The company is currently exploring additional opportunities in environmental services that include oil field clean up, disaster clean up, hazardous transportation, emergency response, and solar farms.
NEWS & UPDATES
Press Releases
Events & Seminars
VIDEO PRESENTATION
3D RIG ANIMATION
COPYRIGHT © 2011 CAVU Resources Inc. A publicly traded company OTCBB::CAVR
Agreed that a very long time experience is very important in the situation. I think now all we need is simply patients.