TULSA, Okla., July 5, 2011 /PRNewswire/ -- 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,
info@cavu-resources.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.PK
5147 South Harvard Ave,
Suite 138
Tulsa, OK 74135
Desai V. Robinson, Director of
Public Relations
Email: info@cavu-resources.com
Website: www.cavu-resources.com
Tel: 504-722-7402
Fax: 918-782-0776
SOURCE CAVU Resources, Inc.