(27th January, 2010)
TULSA, OK, Jan 27, 2010 (MARKETWIRE via COMTEX) — CAVU Resources, Inc. (”CAVU”), which trades as (PINKSHEETS: CAVR), announced today the acquisition of a new 30-acre operations center in Tulsa, Oklahoma. The company has also received its Intrastate Motor Carrier License and the U.S. transportation number from the Department of Transportation.
The 30-acre site has recently been developed to store inventory, field supplies and CAVU’s fleet of nine multi axle vehicles, six trailers, three drilling rigs and various support and construction equipment.
This new authority gives CAVU’s diversified fleet of specialized equipment the right to operate in the United States and allows CAVU to facilitate the transport of the wide variety of materials and equipment used in the energy sector. This includes heavy duty, big bed trucks, winch tractors, pickers, ramps and a wide variety of multi axle trailers that are required to move drilling and service rigs, production equipment, tubulars, drilling mud and more.
With the planned commercial disposal well in Pauls Valley, CAVU will also utilize special vacuum/hydro vacuum, liquid bulk and sour sealed tankers for transporting drilling fluid, chemicals, water, production fluids and more.
“We have the ability, equipment and expertise to move rigs and equipment anywhere in the continental United States. This segment of our business provides materials handling, transload and transportation reducing cost for our projects and generating revenue from third parties,” said William Robinson, President of CAVU Resources, Inc.
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.
Contact: CAVU Resources, Inc. firstname.lastname@example.org CAVR.PK 2533 N. Carson St. Suite 4116 Carson City, NV 89706 Tel: 775-888-3174 Fax: 775-883-2384 Cell: 504-722-7402