(5th July, 2011)
ULSA, Okla., July 5, 2011 /PRNewswire via COMTEX/ — CAVU Resources, Inc. (”CAVU”), which trades as OTC: CAVR.PK, announced today that the CAVU Resources, Inc. will hold the company’s annual shareholder meeting at The Mansion on Turtle Creek in Dallas, Texas, August 19, 2011.
CAVU’s management will present the financial status and discuss the events that have influenced the company through the second quarter of 2011. The topics and projects to be discussed will include the sale of Envirotek Fuel Systems, Inc., the rework and drilling program including the new disposal well on the Chisholm Lease, the recent acquisition of the Hogshooter lease and contract drilling programs in Oklahoma, as well targeted acquisitions in the surrounding area. The company will present its new board of directors and officers, vote on their appointment, the restructuring and spin off of CAVU Energy Services into a newly registered corporation and subsequent share dividend to all of CAVU’s shareholders.
The company will also report on the current private funding and the recent 10 million dollar funding commitment by Kodiak Capital Group, LLC made to the new corporation CAVU Energy Services. Updates on the companies operating subsidiaries, minority held positions and future business opportunities will also be discussed. A virtual tour of all of the company’s projects and assets will be presented with plans to broadcast the meeting live for any shareholder that is unable to attend. Reservation and information package as well as log in and passwords for the broadcast are available by requesting via e-mail, email@example.com. The package will be available to all registered shareholders of record.
“This meeting will allow management to discuss the local and geopolitical events that influence the price of Oil and Gas and how it affects the cash flow and ultimately the share price of CAVU. By presenting all of the projects and opportunities that CAVU currently has or is in negotiations to acquire, the shareholders will be presented an informative package as to the CAVU’s status, current share values and any future investments that may be made in CAVU,” stated 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 pilots believed they would have unobstructed flying allowing them to see their targets quicker, identify the obstacles they needed to overcome, giving them a greater chance of success. The founders of CAVU Resources, Inc., 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, Montana 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, natural gas exploration and production companies. FILO Quip Resources, LLC a licensed Oil and Gas Operating Company manages the company’s properties and targeted leases in Oklahoma, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in waste disposal, Geo-Thermal and 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.CAVR.PK5147 South Harvard Ave,Suite 138Tulsa, OK 74135Desai V. Robinson, Director of Public RelationsEmail: firstname.lastname@example.org Website: www.cavu-resources.com Tel: 504-722-7402Fax: 918-782-0776
SOURCE CAVU Resources, Inc.