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CAVU Resources Announces Operations Progress on Chisholm Lease
CAVU Resources Announces Operations Progress on Chisholm Lease.
About this update from Cavu Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nCAVU Resources Announces Operations Progress on Chisholm Lease\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nCAVU Resources Announces Operations Progress on Chisholm Lease\n\nPR Newswire\n\nTULSA, Okla., March 26, 2013\n\n\n\n\n\n\n\nTULSA, Okla., March 26, 2013 /PRNewswire/ -- CAVU Resources, Inc. (CAVU) which trades as OTC PINK: CAVR, announced significant progress in bringing on production at its Chisholm Field in Garvin County, OK. Five wells have been reworked with new equipment on order and completion scheduled over the next six weeks. The company also announced that it began drawing down on its new Equipment credit line paying off existing equipment purchases and ordering additional new equipment.\n\n\nPresident and COO William Robinson stated that they will begin pumping operations at its second well sometime next week. \"This will bring production from the project up to an estimated 39 barrels of oil per day. In the very near future we will complete the re-entry and preparation work on two more wells, as part of our ongoing plan to re-build production and revenues from this field. We are estimating that the remaining wells to be reworked will bring in an additional 100 barrels day in production.\"\n\n\n\nAbout CAVU Resources, Inc. \n\n\n\nCAVU 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, Texas, Kansas and Louisiana. CAVU's operating subsidiary, CAVU Energy Services, Inc., licensed Oil and Gas Operating Company manages the company's properties in Oklahoma with plans to operate targeted leases in Texas, Kansas and Louisiana. More information is available at the company's website at...