This is great newss folks!!!
As demand for renewable and alternative energy increases, CAVU Resources is working hard to position itself in the emerging markets of wind and solar energy. Currently, CAVU Resources is starting a wind energy project in Colorado. The Company is also exploring opportunities in photovoltaic (solar) energy with its real-estate subsidiary CAVU Development, LLC
CAVU was formed to be a fully self-supported independent energy company which we define as a Company that has enough of its own equipment, services, leases, projects and assets to be able to keep most of the services needed in order to become a successful energy company in-house. In the energy industry, one of the keys to success is being able to get access to field services in a timely and cost effective manner. This usually is only achieved by large companies who can contract services for multi-year contracts or by smaller independents like CAVU, who operate their own field services divisions
keep on eye on this one folks!!! HOD .40, LOD .31, Closed at .38.. Imo this company will do us all well!!!!
BUSINESS SUMMARY CAVU Resources Inc., through its subsidiaries, focuses on the acquisition, exploration, and development of natural resource properties with a focus on the production of oil and natural gas, and solar and wind energy. The company intends to engage in the construction of oil and natural gas pipelines for third parties. It also focuses on providing contract and directional drilling services to oil and natural gas exploration companies. In addition, the company intends to involve in energy trading business, as well as providing environmental clean up services, such as oil field clean up, disaster clean up, and hazardous transportation. Further, it focuses on the refurbish of low income properties with heating and air conditioning, roofing, insulation, doors and windows; provides information systems dealing with government logistics databases and vendor awareness of business opportunities; and services and repairs heavy equipment for the oil and gas industry, including trucks and drilling equipment. As of April 30, 2009, CAVU Resources Inc. had 23 total well bores on 1,880 net mineral acres situated in Kay County, Oklahoma; 8 well bores on 1,700 gross mineral acres located in Baylor County, Texas; and 1 well bore on 160 net mineral acres situated in Garfield County, Oklahoma. The company was formerly known as Magic Lantern Group, Inc. and changed its name to CAVU Resources Inc. in April 2009 as a result of merger between Proxity Acquisition Sub, Inc. and CAVU Resources Inc. companies. CAVU Resources Inc. was founded in 1995 and is based in Carson City, Nevada.
This is great PR!!! When they acquire 100% of the outstanding shares of ASG, "Applied Survey Systems Canada, Inc". We can be assured that the acquisition of these companies with unique and proven technology, puts CAVU in the position to become a leader in energy recovery technologies," said William C. Robinson, President of CAVU Resources, Inc.
As of now the chart is in bullish!!! Happy trading to all those who decicde to go this route!! IMO this is great pick!!
TULSA, OK--(Marketwire - 11/30/09) - CAVU Resources, Inc. ("CAVU") (Pinksheets:CAVR - News), which trades as OTC:CAVR.PK, announced today that the Company has secured a Farm-In and Joint Venture Development Agreement with PVR Exploration, LLC to participate in a farm-in with Anadarko Petroleum Corporation to develop 640 acres in eastern Colorado. Related Quotes
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The acreage position is located in the outer edges of the Denver-Julesburg Basin where production is drawn from Mississippian, Pennsylvanian, Permian and Cretaceous reservoirs. Production in this area from current operators has been established through a successful 3D seismic program shot over an extended area.
CAVU plans to test multiple stacked targets in the Marmaton, Morrow, Cherokee, Atoka, and Mississippian formations. Well permit applications are currently in the process of being submitted to the State of Colorado for approval.
Companies involved in the development of this 200,000+ acre area have estimated that the aggregate potential of the targets is in excess of 200,000 barrels of oil recoverable per well with estimates ranging from 100 to 150 million barrels of oil in place with significant potential to increase that estimate based on the extent of the current seismic features seen.
"With what has already been done by a few of the other companies developing this area, we feel comfortable using the figure of 1,000,000 barrels recoverable per section (640 acres)," said William Robinson, President of CAVU Resources, Inc. "Independent technical evaluations and studies of historical production in wells drilled in the 1980s have indicated significant oil in place and identified additional by-passed oil zones. We are actively looking for ways to expand our position in this area where we feel there will be major development in the years to come, so we are excited to get in early," he added.
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 and 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.
{"s" : "cavr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: CAVU Resources, Inc. On Monday January 25, 2010, 8:00 am EST
TULSA, OK--(Marketwire - 01/25/10) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News) announced today the mobilization of equipment and the start of a initial 10 well development program on its 3,140 acre Hogshooter lease in Nowata County, Oklahoma.
This area of northeastern Oklahoma has an extensive drilling history extending back to the early 1900s. With access to so much historical data and well control, the Company has been able to formulate a development plan that includes the drilling of new wells off-setting good producers (wells that had initial production rates of 50-150 MCFD) as well as reworking wells to improve current production rates.
The unique and very valuable quality of this project is that it has several traditional reservoirs and coal methane zones are charged with hydrocarbons, thus providing multiple pay zones in one well. These zones may be produced individually or commingled to increase production rates for each well. Primary hydrocarbons are oil, natural gas and methane gas, with estimated pay thickness of 2 to 20 feet for reservoir rocks. Most coal seams range in thickness from 2' to 8' of pay with about 3-4' being the average pay thickness in this project.
"We have targeted three wells to rework and seven new wells to be drilled over the next three months. We are developing this project utilizing our own drilling equipment and local contractors. It allows us to take our time when drilling these wells, so that we can optimize production from the many hydrocarbon bearing zones all in one well," said William C. Robinson, President of CAVU Resources, Inc. "By using our own pipelines we are able to deliver our natural gas direct to market without having to sell to a third party, saving anywhere from 20-40% of the production revenues for transportation charges."
Historically, production rates in this area from Natural gas from 5,000 to 200,000 cubic feet of gas per day (5 to 200 MCFD). Since most of this gas is produced from coal seams, initial production rates are actually lower and increase over the first few months because coal seams must "dewater," where water in place in the coal seam is brought to the surface freeing up the gas to begin coming to surface through the well bore. As a result, a typical scenario would be for a well to produce from a coal seam and after dewatering for about a month to start giving up its natural gas. The flow rate starts slow and increases as the water comes off with most wells settling in around 50-100 MCFD.
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 three 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 and FILO Quip Resources, 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, 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.
CAVR. News yesterday looks good. CAVR is constantly expanding and bringing more revenue into the company. This company is on my radar list for next week. I am expecting more prs to come out with the financal statements. Good time to take another position in this one.
Press Release Source: CAVU Resources Inc. On Monday February 1, 2010, 8:00 am EST
TULSA, OK--(Marketwire - 02/01/10) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announced today that it has entered into a Letter of Intent to acquire a 7 mile section of a gas gathering pipeline along with a 2,240 acre lease and existing well that has at current prices $780,000,000 of proven recoverable natural gas reserves. The lease, well and pipeline are located in South Texas.
A contour map of the lease was prepared; with the Landsat imagery obtained showing the correlation for the structure is quite good. Landsat did indicate a much larger aerial coverage of the structure than seismic. The structure is quite prominent from the size of the structure; it can be assume to be Ordovician or Cambrian in age. One smaller seismic contour map may be indicating later reefing at shallower depths. The Landsat does indicate that the acreage currently be held under lease is quality property with good hydrocarbon potential.
The current well has seven indentified pay zones starting at 5,000 feet to a depth of 23,000 feet. From the number of differing productive zones in the well and offset scout ticket data from a major oil and gas producer (located immediately south of the well) it can be inferred that a new discovery gas field is in development with potential of 15 to 20 deep wells.
A mix of shallow wells is initially planned followed by the deeper, more expensive wells financed from production profits. Well spacing on this lease ranges from 40 acres per well on the shallow zones to 320 acres per well on all of the other productive zones.
The company plans to check production and quality of gas on the well over the next 30 days including a 4 point well test and to pressure test the acquired pipeline. With successful results on the well, the company will commence production from the existing productive zone. The current head pressure is at 4800 PSI and the Geologist/ Petroleum Engineer estimated an initial production in the area of 2,000,000 to 5,000,000 MCF per day.
"With the closing of this acquisition and a successful test, CAVU will move to a new level as an Independent Natural Resource Company. This project is a game changer for CAVU," said William Robinson, President of CAVU Resources, Inc.
The company has purposely withheld the well name, specific lease location, and producible zones and exacts depths until certain benchmarks and tests are completed and the acquisition is closed.
Cavu Resources, Inc. to Present $5 Million Investment Opportunity and Exhibit at NAPE Expo in Houston
TULSA, OK -- (MARKET WIRE) -- 02/11/10 -- CAVU Resources, Inc. ("CAVU"), which trades as (PINKSHEETS: CAVR), announced plans to present a $5 million offering and exhibit its product lines at the NAPE Expo in Houston, TX, February 11-12, 2010. The NAPE Expo is one of the world's largest expositions providing a marketplace for the buying, selling and trading of oil and gas prospects, producing properties and investment opportunities.
The NAPE Expo, www.napeexpo.com, brings prospects and producing properties (from the U.S. and around the world), capital formation, services and technologies all together in one location, creating a pure marketplace to establish strategic alliances for doing business and initiating purchases and trades. NAPE Expos are held twice a year in Houston. NAPE Expo (formerly the North American Prospect Expo) was created in 1993, and has grown to include more than 16,000 attendees and 900 exhibiting companies.
CAVU's offering includes the Bakken, Wattenberg, DJ Basin, Hogshooter oil and gas projects in addition to its Wind Energy project. The 506 offering is structured as a unit that consist of a percentage ownership in the projects and 50,000 restricted common shares for $50,000 a unit. The investment is for accredited investors only.
"By exhibiting at NAPE, CAVU will have the opportunity to talk to accredited investors, intuitions, as well as target strategic alliances with potential industry partners on its current projects," said William Robinson, President of CAVU Resources, Inc.
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