(13th April, 2011)
TULSA, OK, Apr 13, 2011 (MARKETWIRE via COMTEX) — CAVU Resources, Inc. (”CAVU”), which trades as (pinksheets:CAVR), announced today the engagement of ESP Resources, Inc. /quotes/comstock/11k!espi ESPI -2.50% (”ESP Resources”), a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry, to begin supplying chemicals and field services for three of CAVU’s major projects located in Garvin and Nowata Counties in Oklahoma.
— Located in an area that stretches from Paul’s Valley to the
Texas/Oklahoma state line and covers approximately 290 square miles,
the Chisholm Lease Project contains over 90 wells. CAVU currently owns
190 acres with 9 existing wells and plans to eventually work its way
through the area consisting of more than 3,000 acres and 90 additional
shut-in wells. CAVU’s plans are to acquire, rework and systematically
put back into production the targeted wells. CAVU currently has 4
producing and 5 oil wells being reworked on the Chisholm Lease Project
that will be treated by ESP Resources.
— Located in Nowata, Oklahoma, the Hogshooter Lease covers 900 acres and