InvestorsHub Logo
Followers 98
Posts 4749
Boards Moderated 1
Alias Born 06/19/2009

Re: None

Thursday, 03/31/2011 5:19:14 PM

Thursday, March 31, 2011 5:19:14 PM

Post# of 2060
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.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.