CAVU Resources Inc (CAVR)

[mrgoodtrade]

CAVR news - Shipping Commercial Oil Tank Loads on CAVU Resources Two Chisholm Lease MacReport Media   "Press Releases"
C AVU Resources, Inc. (OTC Pink: CAVR) announced today that it is steadily producing oil from two wells onthe CAVU ResourcesChisholm lease at the rateof 25 to 30BPD, and that it isproducing for sale a commercial tanker load (150 to 165barrels) everysix or sevendays. CAVU President and COO, Billy Robinson commented, We are very pleased with the performance of these first two wells. Most of the re-working of ourB-1 andB-3 wells hasbeen completed and we are pushing to finish the remaining tasks and begin pumping this month. When this occurswe will monitor the pump speeds,to produceoptimal yields from these fourwells.

Louis Silver , CAVU CEO stated, We arepleased to have reliableproduction, which is now yielding steady cash flow. Your management team is building a solid foundation for predictable future revenue and profit growth. On another matter, I want to inform investorsthat we are working with our attorneys to reverse theDeposit Chill Orderthat was issued by the Depository Trust Company (DTC.) Through our attorney we continue to supplyall of the data that has been requested, and our attorney has submitted legal opinionsrequired by the DTC. We are optimistic that this matterwill be resolved within a reasonable time frame.

About CAVU Resources, Inc.
CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the companys 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 , Texas , Kansas and Louisiana . CAVUs operating subsidiary, CAVU Energy Services, Inc. , licensed Oil and Gas Operating Company manages the companys properties in Oklahoma with plans to operate targeted leases in Texas , Kansas and Louisiana . More information is available at the companys website athttp://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.

Contacts:
CAVU Resources, Inc.
William Robinson , Chairman
Louis Silver , CEO
302East 10thStreet
Tulsa, OK 74120
Email:[e-mail]
Website:www.cavu-resources.com
855-766-4695


SOURCE: CAVU Resources, Inc.