May 2011 ARCHIVE

CAVU Resources, Inc. Donates One Day of Its Oil and Gas Production to the Red Cross for the City of Joplin, Missouri

(25th May, 2011)

TULSA, Okla., May 25, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC:CAVR.PK, announced today it is donating all of the Company’s oil and gas production for one day to the Red Cross for the benefit of the city of Joplin Missouri.
CAVU plans to dedicate next Monday as the “Return the [...]

CAVU Resources, Inc. Secures a $10 Million Funding Commitment from Kodiak Capital Group, LLC

(24th May, 2011)

TULSA, Okla., May 24, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC:CAVR.PK, announces today it has received a $10 million dollar funding commitment from Kodiak Capital Group, LLC to complete its current and targeted acquisitions.
CAVU plans to file a listing and registration statement for its 100% owned subsidiary CAVU Energy [...]

CAVU Resources, Inc. Acquires 470 Acre Water Flood Project in Southern Oklahoma

(19th May, 2011)

TULSA, Okla., May 19, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC:CAVR.PK, is pleased to announce that it has entered into an agreement for $500,000 in cash and stock with A. L. Feezel, LLC, (”Feezel”) to purchase 470 acres and an estimated 258,000 barrels of proven oil reserves. CAVU will [...]

CAVU Resources, Inc. to Increase Production by Utilizing New Technology on the Chisholm Lease

(10th May, 2011)

TULSA, Okla., May 10, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as CAVR , announced today that the Company is utilizing new technology and introducing computer controlled directional drilling and enhanced dewatering processes to recomplete two wells on the Chisholm lease. CAVU plans on reentering two of its existing wells, utilizing [...]

CAVU Resources, Inc. Forecast $3.1 Million in Revenues for First Two Quarters of 2011

(9th May, 2011)

TULSA, Okla., May 9, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC: CAVR.PK, forecast revenues of $3.1 million for the first two quarters of 2011.
Operations are projected to grow from $1.5 million in 2010 revenue to $3.1 million in 2011, over a 100% increase. Several factors will influence the projected [...]

CAVU Resources, Inc. Launches “Silent Night Sentinel Systems(TM)” a New Oil Field Security System

(6th May, 2011)

TULSA, Okla., May 6, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC:CAVR.PK, announced today it has launched a new oil field security system called “Silent Night Sentinel Systems(TM)”. The new product line is to be offered to existing distributors and marketing companies in the security business.
With volatile prices, and difficult [...]

CAVU Resources, Inc. Announces $1.1 Million in Debt Reduction

(3rd May, 2011)

TULSA, Okla., May 3, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as , announces the recent sale of non performing assets and cancelation of its equipment lease, reducing CAVU’s debt by $1.1 million dollars.
CAVU agreed to lease certain oilfield production equipment in 2009. This was in addition to the operating equipment [...]