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Caza Progressing at Bone Spring Wells; Talks Q1
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Caza Oil & Gas Inc. has reported financial and operational results for the three-months ended March 31, 2013.
First Quarter Operational Results and Recent EventsThe initial well at the Roja property in Lea County, NM, the Madera 17 Fed #1H horizontal Brushy Canyon well operated by OXY USA Inc., is currently drilling the horizontal section of the well.
The pilot hole was drilled and logs were obtained on or around April 29, 2013. Based on analysis of the log data, Caza elected to participate with OXY and is currently drilling the lateral section of the Well through the primary objective Lower Brushy Canyon interval centered at a vertical depth of 9,288 feet to a total measured depth of approximately 13,568 feet. Once the horizontal section is complete, the well will be fracture…
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