CAVU won the bid and will remove the assets and will reconstruct the facility saltwater disposal facility in Arkansas to treat saltwater along with the planned 50,000 barrel a day FILO SWDW #1 disposal well on its Chisholm lease in Pauls Valley , Oklahoma.
CAVU CEO William Robinson said by winning the recent bid Disposal well bid, the collection of outstanding receivables, the planned completion of the FILO saltwater disposal well and the ongoing contracted Envirotek rework project has put firm growth plans in place for the company.
"The company will steamroll into 2012 with the opening of its new global headquarters, increased cash flow from the reworked producing wells and the market and sale of oil and gas lease opportunities, the company plans to end 2012 debt free with estimated working capital of $1m," Robinson said.
