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CAVR Cavu Resources, Inc.

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2:20 pm
December 7, 2009


Chuck.W

Member

posts 29

 
1
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:CAVRNews) (”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.

8:36 am
December 10, 2009


Chuck.W

Member

posts 29

 
2
CAVU Resources, Inc. Increases Storage Capacity by 100% and Launches Development Project in Garvin County, OK

  • Press Release
  • Source: CAVU Resources Inc.
  • On 8:00 am EST, Thursday December 10, 2009

TULSA, OK–(Marketwire – 12/10/09) – CAVU Resources, Inc. (Pinksheets:CAVRNews) announced today that the Company has recently completed a 100% increase in its storage capacity and initiated an accelerated development plan for its newly acquired 9 well project on 140 acres in Garvin County, Oklahoma.

The Company acquired the project last month and has been focused on assessing the top priorities for the lease. While the lease currently has two producing wells, there are three wells that can be immediately completed in down-hole reservoirs, and four other wells that can be reworked and completed in other formations.

The two producing wells were originally drilled in the 1950s to the Bromide formation at about 3,000 feet. The wells were re-entered during the 1990s when companies in the area began testing deeper reservoirs. The wells were then deepened to the Oil Creek formation at about 3,800 feet. The two wells are currently producing a combined 30 to 40 barrels of oil per day (BOPD).

CAVU plans to re-enter the other three wells on the lease and deepen them to the Arbuckle at about 4,000 feet. On the way, the McLish and Oil Creek formations would be tested. Based upon results of the two producers and other wells contiguous to the lease, CAVU anticipates each of the three wells to have average initial production rates of between 30 and 40 barrels of oil per day (BOPD).

“This project exemplifies our strategy of targeting low risk opportunities that require lower amounts of capital but yet still offer excellent potential returns on investment,” said William C. Robinson, President of CAVU Resources, Inc. “With the known production in the formations present in these 9 wells, with the funds committed we believe this project will increase production to about 300 BOPD within a relatively short period of time. Some companies spend millions of dollars to generate this kind of production, but we feel we can do it for a fraction of that.”

9:00 am
December 15, 2009


Chuck.W

Member

posts 29

 
3

marketwire

CAVU Resources, Inc. to Complete Rework on Garfield County Gas Production Project

  • Press Release
  • Source: CAVU Resources Inc.
  • On 8:00 am EST, Tuesday December 15, 2009

TULSA, OK–(Marketwire – 12/15/09) – CAVU Resources, Inc. (Pinksheets:CAVRNews) announced today that the Company has recently mobilized its crew to complete the reworked of it gas production in Garfield County, Oklahoma.

This recently acquired project is in a gas production region with proven reserves. The Company has been focused on assessing the top priorities on its 160 acre lease. The first stage of the recompletion consists of pulling the rod and tubing and pressure testing the wellbore for production in the upper and lower Perry Sand formation.

Finally the company will re-perforate the formation location adding 3 shots per foot in the 26ft combined formation, as well as 12 feet of new perforations in the Advant formation and fracture the zones and treat with acid to open up these formations. This well has a long history of production and we anticipate that this re-work will add another 150,000 cubic feet of production. With this increased production, the Company's combined daily totals should soon exceed approximately 600,000 cubic feet of natural gas per day.

“The recent rise in gas prices and increased production, will allow additional cash flow to help fund new exploration of this and surrounding leases,” said William C. Robinson, President of CAVU Resources, Inc.

9:00 am
December 15, 2009


Chuck.W

Member

posts 29

 
4

marketwire

CAVU Resources, Inc. to Complete Rework on Garfield County Gas Production Project

  • Press Release
  • Source: CAVU Resources Inc.
  • On 8:00 am EST, Tuesday December 15, 2009

TULSA, OK–(Marketwire – 12/15/09) – CAVU Resources, Inc. (Pinksheets:CAVRNews) announced today that the Company has recently mobilized its crew to complete the reworked of it gas production in Garfield County, Oklahoma.

This recently acquired project is in a gas production region with proven reserves. The Company has been focused on assessing the top priorities on its 160 acre lease. The first stage of the recompletion consists of pulling the rod and tubing and pressure testing the wellbore for production in the upper and lower Perry Sand formation.

Finally the company will re-perforate the formation location adding 3 shots per foot in the 26ft combined formation, as well as 12 feet of new perforations in the Advant formation and fracture the zones and treat with acid to open up these formations. This well has a long history of production and we anticipate that this re-work will add another 150,000 cubic feet of production. With this increased production, the Company's combined daily totals should soon exceed approximately 600,000 cubic feet of natural gas per day.

“The recent rise in gas prices and increased production, will allow additional cash flow to help fund new exploration of this and surrounding leases,” said William C. Robinson, President of CAVU Resources, Inc.

11:03 am
January 25, 2010


petercrisp

Member

posts 7

 
5

CAVU Resources, Inc. Announces Mobilization and the Start of a 10 Well Hogshooter Development Program


 

Companies:

Cavu Resources Inc.

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:CAVRNews) 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.




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