TULSA, OK--(Marketwire - 02/11/10) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announced plans to present a $5 million offering and exhibit its product lines at the NAPE Expo in Houston, TX, February 11-12, 2010. The NAPE Expo is one of the world's largest expositions providing a marketplace for the buying, selling and trading of oil and gas prospects, producing properties and investment opportunities.
The NAPE Expo, http://www.napeexpo.com/, brings prospects and producing properties (from the U.S. and around the world), capital formation, services and technologies all together in one location, creating a pure marketplace to establish strategic alliances for doing business and initiating purchases and trades. NAPE Expos are held twice a year in Houston. NAPE Expo (formerly the North American Prospect Expo) was created in 1993, and has grown to include more than 16,000 attendees and 900 exhibiting companies.
CAVU's offering includes the Bakken, Wattenberg, DJ Basin, Hogshooter oil and gas projects in addition to its Wind Energy project. The 506 offering is structured as a unit that consist of a percentage ownership in the projects and 50,000 restricted common shares for $50,000 a unit. The investment is for accredited investors only.
"By exhibiting at NAPE, CAVU will have the opportunity to talk to accredited investors, intuitions, as well as target strategic alliances with potential industry partners on its current projects," 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 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.
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