2011-06-14-2011-05-18

To buy 470 acres in Pontotoc County, OK, gaining 258,000 BO proved.

CAVU Resources Inc., Tulsa, Okla., (Pink Sheets: CAVR) has entered an agreement for $500,000 in cash and stock with A. L. Feezel LLC to purchase 470 acres and an estimated 258,000 barrels of proven oil reserves in Oklahoma. CAVU will own 100% of the working interest and have a 75% net revenue interest.

CAVU is also acquiring three years of land work, research and engineering. The seller Feezel had engaged Tyco Engineering, a petroleum engineering firm in Ada, Okla. to conduct an engineering survey on the re-working of 25 existing wells, target the optimal new drilling locations and implement a waterflood well-stimulation program in Pontotoc County, Oklahoma.