CAVR – Announces 2.4 Million Dollar Letter of Intent to Acquire ASG, Inc
|
|
Issue# 1710 |
|
| CAVR – (CAVU Resources) Announces $2.4 Million Letter of Intent to Acquire ASG, Inc. |
TULSA, OK — (MARKET WIRE) — 11/20/09 –
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
"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
About
During World War II,
nt.
CAVU’s 100% owned subsidiaries,
| CAVU Resources INC (OTCPK: CAVR) Stock Symbol :: CAVR |
|
 |
CAVU Resources INC (OTCPK: CAVR) (CAVR)
CAVU Resources (OTCPK:CAVR) 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, Montanna, Colorado and Texas. |
|||||||||||
CAVU Resources Inc.
Phone: 504-722-7402 |
· Magnum Hunter Resources Corporation, formerly Petro Resources Corporation, is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the · The Meridian Resource Corporation (
|
| Current Projects |
 |
CAVU Resources, Inc. restructures Acquisition of FILO Quip Resources, LLCThe Company has restructured the original acquisition of Filo Quip Resources, LLC . CAVU assumed the agreement to purchase FILO from a private investment group. The agreement calls for the assumption of specific liabilities and a combination of cash and a 6 month note transaction valued at $700,000 dollars. In the acquisition, CAVU is purchasing a 140 acre lease in |
CAVU Resources, Inc. Announces Acquisition of EnviroTek Fuel Systems, Inc.
CAVU Resources, Inc. announced that the Company has acquired EnviroTek Fuel Systems, Inc. (EnviroTek) in a stock purchase agreement. EnviroTek owns a 3,140 acre project in
|
| Company Overview |
|
CAVU Resources. (OTC.PK: CAVR) 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 with a clear vision and identified goals. 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 Products & ServicesOil and Gas Production Projects One of CAVU’s competitive advantages is its access to top shelf deal flow for projects in areas where major established companies have spent the millions of dollars to take the risk out of finding and proving up an area. Some of our current projects that demonstrate this are the following:
Drilling Services CAVU recently acquired three drilling rigs and the associated support equipment. The first rig is rated to 5000’, (at right) is rated to 5,500’ and the second rig is rated to 3,000’ and the third rig is an air rig that is rated to 2,000’ and it is being moved to Nowata County, OK to begin a drilling program on the Hogshooter project. CAVU has access to seasoned drilling crews both to work its own leases and to lease drilling services on a contract basis. CAVU recently closed a $1.1 million dollar funding with Verilease Finance, LLC for drilling and completion equipment. To receive information about our drilling services, please click here. Alternative Energy Projects The main ‘wind corridor’ in the In December 2007, the Colorado Governor’s Energy Office (CGE) presented to Governor Bill Ritter a 70 page Report outlining all studies of renewable energy within the state. This report identifies areas defined as generation development area (GDA), and CAVU is working to secure leases within these GDA’s where it has been independently verified that there is sufficient wind generation to sustain a wind farm. These areas range in potential generation from 2 Gigawatt (GW) of power to 45 GW. Security Systems Oil field security is growing business segment with renewed security threats to oil and gas fields around the world. With volatile prices, and difficult economic times, the theft of product and equipment has opened a new revenue opportunity for CAVU’s client base. CAVU has recently developed a security tower utilizing products currently in use by security professionals in government, critical infrastructure, transportation and other security environments. This has given CAVU access to proven, night vision technology, motion sensor and GPS monitoring security technology. CAVU’s systems will provide long-range night vision solution that captures detailed, natural contrast images in zero light at ranges of up to 3,000 meters, even in foul weather and through tinted glass. Delivered via our proprietary camera and hardware system, CAVU’s security technology is ideal for perimeter security in oil security, government, transportation, critical infrastructure and Energy Trading CAVU has recently set up operations in Possible Future Business Units The company is currently exploring additional opportunities in environmental services that include oil field clean up, disaster clean up, hazardous transportation, emergency response, and solar farms.
Company Officers William C. Robinson, President
|
| Market Snapshot |
|
|
| News |
|
Disclosure
OTCReporter.com and HotOTCChina.com are owned by Oceanic Consulting, LLC ("Oceanic") and Garden State Resources NJ, LLC ("Garden State"), both of which are New Jersey limited liability corporations (OTCReporter.com and Hot OTCChina.com and its owners, Oceanic and Garden State, and their affiliates, directors and officers and immediate family members are referred to in our Disclaimer as "OTCR" or "we" or "us" or "our"). Oceanic and Garden State are referred to herein collectively as the "LLC Companies" when the context of the statements pertain to compensation matters, including our "Compensation Disclosure" section that seeks to comply with Section 17, as amended, which states that any person who disseminates publications or other communications (through interstate commerce) for consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, must disclo
se the
receipt and amount, whether past or prospective, of such consideration.
The LLC Companies contracted to receive and received $25,000 from a non-affiliate third party shareholder of CAVR in return for OTCR’s services to publicly and electronically disseminate information pertaining to CAVR.
It is imperative that all readers of the above Compensation Disclosure Section click on the link below to carefully review our Disclaimer in its entirety, which contains important information about penny stocks, our operations, the limited nature of the information presented in our publications and various risks attendant to the companies that we profile.
|
|
