CAVR made a big move yesterday to $0.38 rebounding from Monday's close of $0.13!
CAVR (CAVU Resources) has had some big news recently:
Monday, November 23rd - CAVU Resources, Inc. Acquires Another 49 Miles of Pipeline and 1,700 Acres in Rogers County, Oklahoma
"One of our core strategies is to be independent so that we are not forced
to rely on other companies for services, transportation of our product
(oil/gas) or drilling of our wells," said William C. Robinson, President of
CAVU Resources, Inc. "In this particular case, we felt that having the
opportunity to connect 60-70 miles of pipeline provides us with two things.
First, it gives us ample capacity to develop thousands of acres of oil and
gas leases. Secondly, it provides us with the ability to purchase enough
third party gas that we could eventually fund a majority of the development
of our own acreage from that cash flow," he added.
Monday, November 30th - CAVU Resources, Inc. Goes Green With 10,000 Acre Wind Project
Analysis of the meteorological data thus far has revealed that this
corridor is suitable for Large-Wind Electricity Generation development. In
December 2007, the Colorado Governor's Energy Office presented to Governor
Bill Ritter a 70 page Report outlining all studies of renewable energy
within the state. This report shows that CAVU's acreage position is
classified as Generation Development Area (GDA) 3 and has been
independently verified that there is sufficient wind generation for a
potential of 15 Gigawatt (GW) of power.
Monday, November 30th - CAVU Resources, Inc. Secures Farm-In With Anadarko in Colorado
The acreage position is located in the outer edges of the Denver-Julesburg
Basin where production is drawn from Mississippian, Pennsylvanian, Permian
and Cretaceous reservoirs. Production in this area from current operators
has been established through a successful 3D seismic program shot over an
extended area.
Keep CAVR on your watch list! This company has been making several big moves as illustrated in the press releases above!
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