Operational Updates | Capital Markets | Private Equity Activity
Caza Oil & Gas Provides Bone Spring Operational Update
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Caza Oil & Gas, Inc. (TSX:CAZ) is pleased to provide an operational update on the Bradley 29 Prospect in Eddy County, New Mexico, and to announce the sale of its San Jacinto Property in Midland County, Texas.
The Bradley "29" Fed Com No. 3H horizontal well (the "Well") reached total measured depth of approximately 12,690 feet in early June 2012, was successfully fracture stimulated in the 2nd Bone Spring sand on June 14th and is currently flowing back hydrocarbons and frac fluids at a gross rate of approximately 900 barrels (bbls) per day. The Well has averaged 361 bbls of oil and 524 thousand cubic feet of natural gas (Mcfg) per day over the past seven days, which is 449 bbls of oil equivalent (Boe). The peak rate day to date was 399 bbls of oil and 521 Mcfg, which equals 486 Boe, and…
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