Cavr

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CAVU Resources, Inc. Acquires Another 49 Miles of Pipeline and 1,700 Acres in Rogers County, Oklahoma
Press Release
Source: CAVU Resources Inc.
On 8:00 am EST, Monday November 23, 2009
Buzz up! 0 Print.Companies:Cavu Resources Inc.
TULSA, OK--(Marketwire - 11/23/09) - CAVU Resources, Inc. ("CAVU") (Pinksheets:CAVR - News), which trades as OTC:CAVR.PK, announced today that the Company has acquired 49 miles of pipeline and 1,700 acres of oil and gas leases in Rogers County, Oklahoma. Located just north of Claremore, OK, which is about 40 minutes northeast of Tulsa, OK, the pipeline intersects with the recently acquired existing pipeline infrastructure near Nowata, OK. By connecting the two lines, CAVU can develop the 1,700 acres and also purchase gas from multiple producers who have scores of shut in wells in the area that are not currently able to bring their production to market.

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{"s" : "cavr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} "One of our core strategies is to be independent so that we are not forced to rely on other companies for services, transportation of our product (oil/gas) or drilling of our wells," said William C. Robinson, President of CAVU Resources, Inc. "In this particular case, we felt that having the opportunity to connect 60-70 miles of pipeline provides us with two things. First, it gives us ample capacity to develop thousands of acres of oil and gas leases. Secondly, it provides us with the ability to purchase enough third party gas that we could eventually fund a majority of the development of our own acreage from that cash flow," he added.

This 49 mile segment of line is part of an old existing 10" steel petroleum pipeline that used to transport oil from Bartlesville and other oil fields in northeast Oklahoma to refineries on the outskirts of Tulsa. The original petroleum pipeline was sold off in segments to companies during various downturns in the oil industry over the years. As part of CAVU's acquisition, it will obtain the geological, engineering and field development plans that cover 1,700 acres of leases along parts of the pipeline.

"We think that while the pipeline itself is obviously incredibly valuable one of the intangibles that you cannot book but still represents enormous value are the perpetual right of ways we get," added Robinson. "Obtaining right of ways in some of the developed areas where this line runs are of incredible value to telecommunications, utility, and other companies needing to lay various types of lines. While our strategy will be to develop oil and gas, we believe we may be able to sell rights to use the right of ways for significant amounts of capital."

Before any new wells are drilled, CAVU first plans to connect this segment of line to its existing infrastructure in the Hogshooter Project so that gas can be sold through its existing tap outside of Nowata, OK. Nevertheless, CAVU is already beginning the process of assessing the geological and engineering reports on the acquired 1,700 acres to determine if the recommended drilling locations are where the company would want to begin drilling.

In this area of Oklahoma referred to as the Northeast Oklahoma Shelf, there are multiple traditional reservoirs that can be tested for hydrocarbons as well as several coal bed methane (CBM) zones that are charged with methane gas. Having multiple pay zones in one well dramatically reduces the risk of a dry hole and also improves production efficiency as several of these zones may be produced together, or commingled, in one well bore. These favorable conditions have not only spurred drilling by hundreds of small independent companies but it has also attracted large oil and gas companies such as CEP Mid-Continent, Inc., Endeavor Energy Resources, LLC, Devon Energy, Inc., and Chesapeake Energy, Inc.

[Chuck.W]

CAVU Resources, Inc. Jumps Into the Bakken
Press Release
Source: CAVU Resources Inc.
On 1:46 pm EST, Monday December 7, 2009
TULSA, OK--(Marketwire - 12/07/09) - CAVU Resources, Inc. (Pinksheets:CAVR - News) ("CAVU"), which trades as OTC:CAVR.PK, announced today that the Company has signed an option agreement to acquire acreage to test an initial well in northeastern Montana where companies are drilling the Bakken shale for oil. Upon successful completion of the test well, CAVU plans to acquire additional acreage in an emerging area north and west of the prolific Elm Coulee field in Richland County, MT.

CAVU has a unique position in that it is purchasing the acreage from a group that has worked with a prominent geologist who has been published for his expertise in the Bakken play in Montana. This geologist has worked the central Montana area for 21 years, gathering significant information and data that were used to identify the most attractive acreage in the area.

"We are acquiring this acreage for a number of reasons not the least of which is that this geologist believes there is between 600,000 and 750,000 barrels of recoverable oil on each well drilled on a 640 acre spacing in the middle Bakken member," said William Robinson, President of CAVU Resources, Inc. "Another key reason is that the acreage is also strategically located in the middle of acreage positions held by four other large companies, a well recently drilled by this group showed good results," he continued.

CAVU's management believes that this project offers the unique opportunity to develop a position in an area that is now being referred to as "unrisked exploration," and that is being proved by four other large oil companies.

"We believe we will enjoy the benefits of these large oil companies spending tens of millions of dollars to drill more wells, experiment with completion techniques and in general increase the value of our acreage," added Robinson.

The Bakken formation stretches from Eastern North Dakota to Central Montana in an area known as the Williston Basin. The Bakken formation is present throughout the region and is usually associated with oil and gas shows. It is a fractured formation and new technology (horizontal drilling) has allowed for great success in producing this formation.

In 2008, the US Geological Survey released a report that it had estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Formation of the Williston Basin Province, Montana and North Dakota.

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 that 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.

[Chuck.W]

CAVU Resources, Inc. to Acquire $780,000,000 of Recoverable Reserves
.Companies:Cavu Resources Inc..Press Release Source: CAVU Resources Inc. On Monday February 1, 2010, 8:00 am
TULSA, OK--(Marketwire - 02/01/10) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announced today that it has entered into a Letter of Intent to acquire a 7 mile section of a gas gathering pipeline along with a 2,240 acre lease and existing well that has at current prices $780,000,000 of proven recoverable natural gas reserves. The lease, well and pipeline are located in South Texas.

A contour map of the lease was prepared; with the Landsat imagery obtained showing the correlation for the structure is quite good. Landsat did indicate a much larger aerial coverage of the structure than seismic. The structure is quite prominent from the size of the structure; it can be assume to be Ordovician or Cambrian in age. One smaller seismic contour map may be indicating later reefing at shallower depths. The Landsat does indicate that the acreage currently be held under lease is quality property with good hydrocarbon potential.

The current well has seven indentified pay zones starting at 5,000 feet to a depth of 23,000 feet. From the number of differing productive zones in the well and offset scout ticket data from a major oil and gas producer (located immediately south of the well) it can be inferred that a new discovery gas field is in development with potential of 15 to 20 deep wells.

A mix of shallow wells is initially planned followed by the deeper, more expensive wells financed from production profits. Well spacing on this lease ranges from 40 acres per well on the shallow zones to 320 acres per well on all of the other productive zones.

The company plans to check production and quality of gas on the well over the next 30 days including a 4 point well test and to pressure test the acquired pipeline. With successful results on the well, the company will commence production from the existing productive zone. The current head pressure is at 4800 PSI and the Geologist/ Petroleum Engineer estimated an initial production in the area of 2,000,000 to 5,000,000 MCF per day.

"With the closing of this acquisition and a successful test, CAVU will move to a new level as an Independent Natural Resource Company. This project is a game changer for CAVU," said William Robinson, President of CAVU Resources, Inc.

The company has purposely withheld the well name, specific lease location, and producible zones and exacts depths until certain benchmarks and tests are completed and the acquisition is closed.