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Caza Oil and Gas Provides Bone Spring Drilling Update
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Caza Oil & Gas, Inc., is pleased to provide its unaudited financial and operational results for the three-months ended June 30, 2012.
Caza's production increased 38% to 25,107 Boe for the three-month period ended June 30, 2012, from 18,130 Boe for the comparative period in 2011. This represents an average daily production rate increase of 77 Boe/d to 276 Boe/d, as compared to 199 Boe/d for the comparative period.
Second Quarter Operational Results and Recent Events The Bradley "29" Fed Com No. 3H horizontal 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 14, 2012, and reached a peak producing rate day of 399 bbls of oil and 521 Mcfg, which equals 486 Boe, with 488 bbls of water.The…
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