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I agree CAVR could be set up nicely for the for the rest of the week..they have major operations going on all over the country...
Drilling Services CAVU recently acquired three drilling rigs and the associated support equipment. The first rig is rated to 8,500’ and is currently in Morgan County, Colorado drilling a well for another company. The second rig (at right) is rated to 5,500’ and has just finished drilling two wells for another company about 40 minutes west of Tulsa, OK. The third rig is an air rig that is rated to 2,000’ and it is being moved to Nowata County, OK to drill a few wells for CAVU Resources. CAVU has access to seasoned drilling crews both to work its own leases and to lease drilling services on a contract basis. CAVU recently closed a $1.6 million dollar funding with Verilease Finance, LLC for drilling and completion equipment. Alternative Energy Projects The main ‘wind corridor’ in the United States is a 1,200 mile area that runs from Wyoming through Colorado and Kansas into Oklahoma, New Mexico and Texas. In this corridor, wind farm developers include Cielo Energy, Florida Power and Light, Third Planet, Seawest, National Wind, John Deere Wind and others. These are the companies that are now most actively contracting with Landmen/Land Agents to buy up the rights to develop surface projects and leases within this trend. CAVU has identified four potential Wind Farm locations and is working to negotiate the right to purchase wind energy leases. In December 2007, the Colorado Governor’s Energy Office (CGE) presented to Governor Bill Ritter a 70 page Report outlining all studies of renewable energy within the state. This report identifies areas defined as generation development area (GDA), and CAVU is working to secure leases within these GDA’s where it has been independently verified that there is sufficient wind generation to sustain a wind farm. These area range in potential generation from 2 Gigawatt (GW) of power to 45 GW. Rehab Housing Projects CAVU Development is a company with current projects in Tulsa, OK. Our primary objective is to target low income housing and utilize the recently approved home energy credits and neighborhood stabilization credits to rehab abandoned and/or foreclosed homes. Working hand-in-hand with the city during our large scale development projects has enabled us to zero in on the areas that need assistance the most. CAVU will be dedicating a percentage of the properties to service the Section-8 sector of our publics needs. In efforts to further reduce our carbon footprint, CAVU will be retrofitting all of our investment properties with cutting edge “green” components for energy saving purposes. Taking such measures will give us a preferred status when potential clients are considering their leasing options. Once internal objectives are met, CAVU will be duplicating this model in other major US cities furthering our positive impact on the environment and strengthening the economy. Energy Trading CAVU has recently set up operations in Dallas, Texas for fuel trading and has secured several suppliers for D-2 and JP 54 fuel supplies. Representatives looking for multi ton purchases of these products have approached CAVU, and so we are currently negotiating multiple transactions. With our recent and targeted acquisitions coupled with the proposed wind and co-generation facilities, CAVU may qualify for energy credits. If we do qualify, these credits can be traded in a secondary market that CAVU plans to utilize as an additional revenue stream. |
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CAVU Resources, Inc. Acquires Additional Pipeline Segment in Northeastern Oklahoma
Buzz up! 0 Print..Companies:Cavu Resources Inc..Related Quotes Symbol Price Change CAVR.PK 0.0740 -0.0010 {"s" : "cavr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: CAVU Resources, Inc. On Friday January 22, 2010, 4:15 pm EST TULSA, OK--(Marketwire - 01/22/10) - CAVU Resources, Inc. ("CAVU") (Pinksheets:CAVR - News) announced today that the Company has acquired an additional 5.5 miles of a strategic gas pipeline that extends east from its recently acquired Envirotek Fuel System's 35 miles of pipeline and 3,140 acre Hogshooter Project in Nowata County, Oklahoma. By acquiring this additional segment, CAVU can now purchase third party gas from producers who have had their natural gas wells shut-in due to no available market for their gas. This segment of pipeline had been laid years ago by a local small independent company who had plans to drill wells in this area and sell gas directly to end users in the town of Nowata, OK. After laying the pipeline and connecting a few of its wells, this independent company halted further development. Since then, the pipeline has been used only to transport the independent's gas from a few marginally producing wells. Without sufficient capital to install the infrastructure needed to purchase third party gas, the small company looked to sell its pipeline and approached CAVU upon learning of its acquisition of the Hogshooter Project. CAVU has already begun planning its field development schedule to tie shut-in wells in the area into this segment of line, which feeds into the Company's main pipeline that was obtained in the Hogshooter Project acquisition. There are approximately a dozen wells that could immediately be tied into this acquired line. Additionally, there are producers currently selling to other gas purchasers that have expressed an interest in selling to CAVU instead at better terms. By purchasing the gas from these producers, the Company will be able to charge transportation costs and generate cash flow that goes almost entirely to the bottom line. "One of the things we looked at when we were considering the acquisition of this project was how much natural gas we could purchase from producers who no longer have access to pipelines or who have been forced to shut-in their wells due to exorbitant transportation charges from purchasers in this area," said William Robinson, President of CAVU Resources, Inc. "Another appealing factor is that this segment opens up acreage that we can develop that has been largely ignored due to the lack of pipeline capacity," he added. CAVU's management team has set a target of purchasing gas from at least 30 wells in the area within the next 18 months. 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, 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 CAVU Resources|Delivering Tomorrows Energy. 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. |
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CAVU Resources, Inc. Announces Mobilization and the Start of a 10 Well Hogshooter Development Program
Buzz up! 0 Print..Companies:Cavu Resources Inc..Related Quotes Symbol Price Change CAVR.PK 0.0740 0.0000 {"s" : "cavr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: CAVU Resources, Inc. On Monday January 25, 2010, 8:00 am EST TULSA, OK--(Marketwire - 01/25/10) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News) announced today the mobilization of equipment and the start of a initial 10 well development program on its 3,140 acre Hogshooter lease in Nowata County, Oklahoma. This area of northeastern Oklahoma has an extensive drilling history extending back to the early 1900s. With access to so much historical data and well control, the Company has been able to formulate a development plan that includes the drilling of new wells off-setting good producers (wells that had initial production rates of 50-150 MCFD) as well as reworking wells to improve current production rates. The unique and very valuable quality of this project is that it has several traditional reservoirs and coal methane zones are charged with hydrocarbons, thus providing multiple pay zones in one well. These zones may be produced individually or commingled to increase production rates for each well. Primary hydrocarbons are oil, natural gas and methane gas, with estimated pay thickness of 2 to 20 feet for reservoir rocks. Most coal seams range in thickness from 2' to 8' of pay with about 3-4' being the average pay thickness in this project. "We have targeted three wells to rework and seven new wells to be drilled over the next three months. We are developing this project utilizing our own drilling equipment and local contractors. It allows us to take our time when drilling these wells, so that we can optimize production from the many hydrocarbon bearing zones all in one well," said William C. Robinson, President of CAVU Resources, Inc. "By using our own pipelines we are able to deliver our natural gas direct to market without having to sell to a third party, saving anywhere from 20-40% of the production revenues for transportation charges." Historically, production rates in this area from Natural gas from 5,000 to 200,000 cubic feet of gas per day (5 to 200 MCFD). Since most of this gas is produced from coal seams, initial production rates are actually lower and increase over the first few months because coal seams must "dewater," where water in place in the coal seam is brought to the surface freeing up the gas to begin coming to surface through the well bore. As a result, a typical scenario would be for a well to produce from a coal seam and after dewatering for about a month to start giving up its natural gas. The flow rate starts slow and increases as the water comes off with most wells settling in around 50-100 MCFD. 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 CAVU Resources|Delivering Tomorrows Energy. 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. |
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CAVR.
Looking for late day rally to continue. the 50 day is at 0.20 and the 200 day is 0.36, IMO the stock needs to get over 0.10 to get some support and break through a few trendlines when it does, and then it will trade towards the two averages. MACD seems to be flattening out and the RSI has turned slightly higher as a result of the end of day action |
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CAVU Resources, Inc. Announces State of the Company With Projected 2009 Revenue of $1,650,000
Buzz up! 0 Print..Companies:Cavu Resources Inc..Related Quotes Symbol Price Change CAVR.PK 0.0750 +0.0140 {"s" : "cavr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: CAVU Resources, Inc. On Thursday January 28, 2010, 8:00 am EST TULSA, OK--(Marketwire - 01/28/10) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announces the state of the company with projections of combined operations for 2009 of over $1,650,000 in revenues. The past year's operations grew from $150,000 in 2008 revenue to $1,650,000 in 2009 from growth through acquisitions. CAVU's operating subsidiary Envirotek Fuel Systems, Inc. ("Envirotek") produced and transported 161,500,000 mcf of natural gas in 2009 creating $535,000 from gas sales and third party gas production. The recent acquisition of additional pipelines and the start of a 10 well development program should quickly add new revenues to Evirotek production numbers. The FILO Quip Resources, LLC ("FILO") acquisition has brought new revenues to CAVU. Since FILO restarted its operations in September of 2009 over 3,200 barrels of oil were produced adding another $121,000 of royalty revenue to the combined companies. The recent rework plan and planned commercial disposal well should bring increased production and new revenues in 2010. The parent company CAVU has focused on acquisitions that produce revenue from drilling, subcontracting and leasing of equipment producing $990,000 in gross revenues. Start up cost, acquisition and development cost have been necessary to build CAVU reducing the bottom line but providing a base for growth in 2010. CAVU is focusing on projects and acquisitions that bring future value, increased revenues and the opportunity for future profits. Its new operating company CAVU Energy Services, LLC has targeted drilling in both conventional and directional drilling opportunities in the United States and abroad. CAVU's future growth will target projects that can be funded with conventional borrowing and revenue sharing to reducing the need to issue new equity. By combining conventional funding, increasing production revenue and third party contracting, CAVU can continue to grow in 2010. The company plans to issue its 2009 financials in February and final numbers could vary from the projected numbers released. "Over $2,000,000 in debt was reduced in 2009 and the company's losses are estimated to be less than $700,000 for the first year's operation. CAVU has definitive plans to further reduce cost and focus on acquiring revenue that reduces acquisition cost and provides profitability over the next two years. Since CAVU restructured in April of this year the company has built assets, reduced debt and acquired revenue and acquired projects with potential future growth," 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 CAVU Resources|Delivering Tomorrows Energy. |
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CAVU Resources, Inc. to Acquire $780,000,000 of Recoverable Reserves
TULSA, OK, Feb 01, 2010 (MARKETWIRE via COMTEX) -- CAVU Resources, Inc. ("CAVU"), which trades as (PINKSHEETS: CAVR), 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. About CAVU Resources, Inc. During World War II, Navy fighter pilots would look up at the sky and if it was a "CAVU" day, it meant ceiling and visibility unlimited. Pilots knew their path would be clear and their target or goal would be clearly visible. 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, 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, 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 CAVU Resources|Delivering Tomorrows Energy. |
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56 wins with 2 losses
The newsletter that is recommended by many people. All picks usually win. With a percentage of 280% gaining success. #1 Newsletter |
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