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Caza Builds Permian Bone Spring Portfolio, Well Fleet
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Caza Oil & Gas Inc. has reported its final results for the year ended December 31, 2012.
2012 highlights include: Annual revenues increased 22% to US$4.97 million (MM) for the year 2012, (US$4.09MM: 2011) and quarterly revenues for the three month period ended December 31, 2012 increased 31% to US$1.58MM (US$1.21MM for the comparable three month period ended December 31, 2011); Average production volumes for the twelve month period ended December 31, 2012, increased 19% to 285 barrels of oil equivalent ("boe") per day ("boe/d") (240 boe/d: 2011); As estimated by the independent report completed by NSAI (as defined below under Reserve Data) dated as of December 31, 2012 (all reserve figures are net to Caza): Proven (1P) reserves at December 31, 2012 increased by 3.1% to 2.42 MM boe…- ✓ Full news archive — U.S., Canada & international coverage
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