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CAVR looks like its going to move like WDAS first did, no shares available
CAVR looks like its going to move like WDAS first did, no shares available
nice buying coming in out of the gate here with the ask dropping already, a little more an we're back to hitting our key point of .70, looking good so far today
TGLN .0125x.0135 2x1 now +6%
TGLN .0125x.0135 2x1 now +6%
CAVR +33%, only one mm on the ask until 4.50, super thin
CAVR +33%, only one mm on the ask until 4.50, super thin
yep, next week going to be really nice, would like to start it off with a bang and close above .017 today
still a wide spread even with ask hits out of the gate, looking for the bid to come up here
CAVR .30x.40 1x1
CAVR .30x.40 1x1
looking to test/break .017 today guys, and at the very least a close over .015, a close over .017 would be perfect for the chart
HDUP .10x.118 1x1
HDUP .10x.118 1x1
TGLN .0125x.0135 1x1
TGLN .0125x.0135 1x1
nice day here yesterday with the news and the green, looking to see continued green today with a close over .70
WDAS .29x.37 2x1
WDAS .29x.37 2x1
CAVR NEWS:
CAVU Resources, Inc. Restructures Acquisition of FILO Quip Resources, LLC
TULSA, OK, Nov. 12, 2009 (Marketwire) --
TULSA, OK -- (Marketwire) -- 11/12/09 -- CAVU Resources, Inc. (PINKSHEETS: CAVR) announced today that the Company has restructured the original acquisition of Filo Quip Resources, LLC. CAVU assumed the agreement to purchase FILO from a private investment group. The agreement calls for the assumption of specific liabilities and a combination of cash and a 6 month note transaction valued at $700,000 dollars. In the acquisition, CAVU is purchasing a 140 acre lease in Garvin County, Oklahoma that has two producing wells and seven additional wells that can be completed in down-hole reservoirs.
The two producing wells were originally drilled in the 1950s to the Bromide formation at about 3,000 feet. The wells were re-entered during the 1990s when companies in the area began testing deeper reservoirs. The wells were then deepened to the Oil Creek formation at about 3,800 feet. The two wells are currently producing a combined 35 to 40 barrels of oil per day (BOPD).
CAVU plans to re-enter the other seven wells on the lease and rework them with the possibility of deepening them to the Arbuckle at about 4,000 feet. On the way, the McLish and Oil Creek formations would be tested. Based upon results of the two producers and other wells contiguous to the lease, CAVU anticipates each of the seven wells to have average initial production rates of between 30 to 50 BOPD.
"Based upon results in this field, we are very confident that we should hit our targets for the nine wells, which would put our combined production at between 270-400 BOPD," said William C. Robinson, President of CAVU Resources, Inc. "Some companies have successfully tested the Arbuckle in this area with tremendous results, which provides a nice upside potential for us. There is also some open acreage in the area, which would allow us to grow the project and quickly add to our reserves."
At current market prices, an average of 300 BOPD would generate about $400,000 per month in net production revenues. Management plans to then leverage its reserves and cash flow to expand the project.
"We have targeted addition opportunities in the surrounding area with the potential to rework existing wells along with potential new development and drilling programs that could quickly become add to the existing project duplicating the projected production," added Robinson.
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 founders of CAVU Resources 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 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., providing natural gas delivery and marketing thru its own pipelines, CAVU Operating Company, LLC managing the company's properties and targeted leases in Oklahoma, Texas, 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, Solar and security, 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.
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contact: CAVU Resources, Inc. info@cavu-resources.com 2533 N. Carson St. Suite 4116 Carson City, NV 89706 Tel: 775-888-3174 Fax: 775-883-2384 Cell: 504-722-7402
Source: Marketwire (Nov 12, 2009 17:00:41 EST) News by QuoteMedia www.quotemedia.com
CAVR NEWS:
CAVU Resources, Inc. Restructures Acquisition of FILO Quip Resources, LLC
TULSA, OK, Nov. 12, 2009 (Marketwire) --
TULSA, OK -- (Marketwire) -- 11/12/09 -- CAVU Resources, Inc. (PINKSHEETS: CAVR) announced today that the Company has restructured the original acquisition of Filo Quip Resources, LLC. CAVU assumed the agreement to purchase FILO from a private investment group. The agreement calls for the assumption of specific liabilities and a combination of cash and a 6 month note transaction valued at $700,000 dollars. In the acquisition, CAVU is purchasing a 140 acre lease in Garvin County, Oklahoma that has two producing wells and seven additional wells that can be completed in down-hole reservoirs.
The two producing wells were originally drilled in the 1950s to the Bromide formation at about 3,000 feet. The wells were re-entered during the 1990s when companies in the area began testing deeper reservoirs. The wells were then deepened to the Oil Creek formation at about 3,800 feet. The two wells are currently producing a combined 35 to 40 barrels of oil per day (BOPD).
CAVU plans to re-enter the other seven wells on the lease and rework them with the possibility of deepening them to the Arbuckle at about 4,000 feet. On the way, the McLish and Oil Creek formations would be tested. Based upon results of the two producers and other wells contiguous to the lease, CAVU anticipates each of the seven wells to have average initial production rates of between 30 to 50 BOPD.
"Based upon results in this field, we are very confident that we should hit our targets for the nine wells, which would put our combined production at between 270-400 BOPD," said William C. Robinson, President of CAVU Resources, Inc. "Some companies have successfully tested the Arbuckle in this area with tremendous results, which provides a nice upside potential for us. There is also some open acreage in the area, which would allow us to grow the project and quickly add to our reserves."
At current market prices, an average of 300 BOPD would generate about $400,000 per month in net production revenues. Management plans to then leverage its reserves and cash flow to expand the project.
"We have targeted addition opportunities in the surrounding area with the potential to rework existing wells along with potential new development and drilling programs that could quickly become add to the existing project duplicating the projected production," added Robinson.
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 founders of CAVU Resources 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 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., providing natural gas delivery and marketing thru its own pipelines, CAVU Operating Company, LLC managing the company's properties and targeted leases in Oklahoma, Texas, 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, Solar and security, 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.
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Contact: CAVU Resources, Inc. info@cavu-resources.com 2533 N. Carson St. Suite 4116 Carson City, NV 89706 Tel: 775-888-3174 Fax: 775-883-2384 Cell: 504-722-7402
Source: Marketwire (Nov 12, 2009 17:00:41 EST) News by QuoteMedia www.quotemedia.com
should see new highs next week based on the chart alone imo
good close here, any green is good green and it was done on low volume as well, should see a nice move commencing here imo
nice close of .0144 guys, daily closed with indicators pointing up like we wanted, hourly still has plenty of room to push, and 15 minute reset right before the close, so basically tomorrow should be a nice green day here imo as the daily starts making a huge move upwards
i know, just thought it would have a little more steam if the 15 minute went lower too as it has done all day today
cmon pps drop a little lower so this can have enough time to turn back up into the close
power hour time now guys, should see some buyers coming in here into the close since this had news today and seems to be well on its way to successful mining imo
are you kidding? have not been reading the posts?
it all depends on how long it takes for the 15 minute to breathe, since we've been moving today the 15 minute hasn't taken that long to breathe all day and has had only short dips after being overbought, with the hourly chart currently breaking out i would expect to see the same and then a resultant strong close, but of course anything can happen, but what is known is that this should start seeing steady big green days now over the coming days/weeks here
we already dropped to .0145, and we don't need to sustain buying at this current instant, like i said before the 15 minute needs a break and that is why we dipped, this is healthy, once it turns then we want buyers to come in and take this over .015 and hold it there or higher for close
maybe an idiot, but even an idiot has its place, we needed some sellers so that the 15 minute could reset a bit, and we got em, perfectly healthy
agreed, new highs next week imo
healthy dip, like i just said a few posts ago, 15 minute chart was overbought and needs to take a dip, once we turn back up we should break .015 and hold imo, dip shouldn't last too long imo
yep, sure is, could see a strong close today, and tomorrow is really gona be fun
might take a short dip here all due to the 15 minute being overbought, shouldn't last long, but once it turns it should bust .015 and hold imo
knock PERT off ask and we go higher just like before
with the value of precious metals especially gold continuing to increase here to record highs, it seems the mining business is where its at as studies indicate the values should keep rising for years to come
all indicators on daily turning up now, looking absolutely beautiful, the start of next big move here
nite trying to hold her back as usual, he does this every time we make a big move
.0154x.0155 now, moving good