Exploration & Production
CAVU Eyes Accelerated SCOOP Development; Drops Hogshooter Lease
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CAVU Resources. Inc. has issued an update regarding key production, operational and corporate developments.
Operations Update CAVU Resources Two, LP, Chisholm LeaseAfter weather related damage that caused several technical issues, equipment failures and the lease to be out of production, the company now has three wells back on line with over 3,000 barrels of oil produced in the four months prior to the shutdown. We have been replacing all damaged production equipment and installing new state of the art monitoring and security equipment with final repairs being completed this week. While it is still too early to determine the stable flow levels of the wells, initial flows have been relatively strong and as production progresses we will provide shareholder updates. The Chisholm B-3 turned…
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