CAVU Resources Inc (CAVR)

[JBooya]

Here is some info on Chisholm lease in OK.

CAVU Resources, Inc. Announces Highest Monthly Revenue and Production From Chisholm Lease Since Acquisition
(18th January, 2012)

TULSA, Okla., Jan. 18, 2012 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (cavr:PINKSHEETS), announced today that its Chisholm Lease in Pauls Valley Oklahoma produced 1,363 barrels of Oil with $117,729 of gross revenues for the month of December from the Chisholm B 2 and the Nabors 1, the only wells currently in production on the lease.

We believe this increased and continuous production we are receiving is from the recent chemical stimulation and chemical management system installed by ESP Resources, Inc. ESPI -7.41% . To expand on the recent success, CAVU plans to move and install the $1.3 million in saltwater treatment and disposal equipment it acquired in Arkansas at the new 50,000 barrels a day facility planned for Pauls Valley. Once the well is completed, this will allow increased production and further expansion of the Chisholm Lease. For more information on this acquisition check out the following link, http://journalrecord.com/2012/01/16/cavu-resources-wins-bid-for-saltwater-waste-disposal-equipment-energy/

“Based upon Chisholm Lease results and our recently implemented chemical stimulation programs, we are right on target to add the same program to the balance of the wells on the Chisholm Lease and hit the production targets of between 100-120 BOPD. The stimulus program included our block-buster oil well cleanup system, paraffin control emulsifiers and acid injections systems,” stated David Dugas, CEO of ESP Resources, Inc.

“We have built in the infrastructure to rework and develop a total of eleven wells that have each the potential to duplicate or exceed existing projected lease production. With completion of the 50,000 barrel a day Saltwater Disposal Facility we can begin the completion process on the balance of the existing and new wells,” said William C. Robinson, President of CAVU Resources, Inc.