(5th October, 2009)
TULSA, OK, Sep 30, 2009 (MARKETWIRE via COMTEX) — CAVU Resources, Inc. (PINKSHEETS: CAVR), announced it has a new direction and recent name change for CAVU Drilling, LLC to CAVU Energy Services, LLC. It has hired Conrad E. Archer as Vice President, known internationally for his expertise in the highly technical directional drilling arena. Mr. Archer’s vast contacts have also made available multiple Measurement While Drilling (MWD) guidance systems, Rotary Steerable Systems (RSS) and performance drilling motors (PDM) to service both current and future clients.
CAVU Resources President, William Robinson, was obviously pleased, “This completes our ‘cradle to grave’ integrated oilfield services unit. We have become part of an exclusive group of operators that can drill & complete their own projects in-house using some of the most advanced drilling equipment available, while concurrently offering this service to prospective JV partners.”
“This deal allows us to weather current market trends profitably,” affirms new Vice President Conrad E. Archer. CAVU Energy Services has recently bid horizontal drilling projects with potential work worth $6.72 million with major multi-national operators in the Barnett and Marcellus Shale gas plays.
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.
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.
Contact: CAVU Resources, Inc. email@example.com CAVR.PK 2533 N. Carson St. Suite 4116 Carson City, NV 89706 Tel: 775-888-3174 Fax: 775-883-2384