TULSA, OK–(Marketwire – 11/20/09) – CAVU Resources, Inc. (Pinksheets:CAVR – News) is
pleased to announce that it has entered a Letter of Intent to acquire 100%
of the outstanding shares of ASG, Inc. and its wholly owned subsidiaries
Applied Survey Systems, Inc., Applied Survey Systems Canada, Inc. and
Strata Data, Inc. for $2.4 million in stock and an assumption of $450,000
in debt.

ASG and its subsidiaries provide on a global basis the following services
and benefits, Gyroscopic and Magnetic survey and guidance services to the
Oil & Gas, Mining and Construction industries. Applied Surveys utilizes
rate-gyro technology adopted from the Aerospace industry. The Target INS
is a velocity aided true north-finding navigation system with continuous on
the fly survey speed limited only by the speed of the wireline. It
utilizes innovative strapped down gyros and accelerometers, advanced sensor
error compensation and online sensor calibration using sophisticated
on-board filtering techniques. These techniques allow accelerated
completion time over competing systems.

ASG’s wholly owned subsidiary Strata Data, Inc. is a diverse geophysical
logging company located in Casper, Wyoming, servicing the needs of the
mining industry in addition to groundwater development projects for
municipalities and individuals. Within the mining industry, StrataData
operates in a variety of mines from gold exploration and coal to uranium
exploration. With concern for the environment taking an increasing
percentage of energy exploration and production budgets, StrataData has
been involved in extensive groundwater monitoring and hazardous waste
reclamation projects across the entire western region of the United States.
Strata plans to expand its logging and wireline business to include oil and
gas with operations opening in Tulsa in the next 30-60 days.

“This puts us in a very favorable position, providing opportunities in both
the US and overseas specifically in the Mid East with plans for three test
projects in Abu Dhabi. The acquisition of these companies with unique and
proven technology, puts CAVU in the position to become a leader in energy
recovery technologies,” said William C. 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. This gave
you a clear view of your obstacles and allowed you to plan the best options
to overcome them, the founders of CAVU Resources chose 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 conventional and directional drilling services to oil
and natural gas exploration and production companies. CAVU Operating
Company, LLC 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 http://www.cavu-resources.com

Legal Notice Regarding Forward-Looking Statements:

Legal Notice Regarding Forward-Looking Statements in this news release that
are not historical facts are forward-looking statements that are subject to
risks and uncertainties. Forward-looking statements are based on current
facts and analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determined, and assumptions of
management. Forward looking statements are generally, but not always,
identified by the words “expects,” “plans,” “anticipates,” “has,”
“believes,” “intends,” “estimates,” “projects,” “aims,” “potential,”
“goal,” “objective,” “prospective,” and similar expressions or that events
or conditions “will,” “would,” “may,” “can,” “could” or “should” occur.
Information concerning oil or natural gas reserve estimates may also be
deemed to be forward looking statements, as it constitutes a prediction of
what might be found to be present when and if a project is actually
developed. Actual results may differ materially from those currently
anticipated due to a number of factors beyond the reasonable control of the
Company. It is important to note that actual outcomes and the Company’s
actual results could differ materially from those in such forward-looking
statements. Factors that could cause actual results to differ materially
include misinterpretation of data, inaccurate estimates of oil and natural
gas reserves, the uncertainty of the requirements demanded by environmental
agencies, the Company’s ability to raise financing for operations, breach
by parties with whom we have contracted, inability to maintain qualified
employees or consultants because of compensation or other issues,
competition for equipment, inability to obtain drilling permits, potential
delays or obstacles in drilling operations and interpreting data, the
likelihood that no commercial quantities of oil or gas are found or
recoverable, and our ability to participate in the exploration of, and
successful completion of development programs on all aforementioned
prospects and leases. Additional information on risks for the Company can
be found in filings on Edgar of other junior oil and gas exploration
companies with the US Securities and Exchange Commission.

Contact:
CAVU Resources, Inc.
news@cavu-resources.com
CAVR.PK
2533 N. Carson St. Suite 4116
Carson City, NV 89706
Tel: 775-888-3174
Fax: 775-883-2384

——

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Russ Urban
Staff
GusherStocks.com