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Caza Talks Latest Bone Spring IPs; Strategy for Growth
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Caza Oil & Gas, Inc. reported the Company's final results for the year ended December 31, 2014.
2014 Financial and Reserve highlights include: Annual revenues for the twelve month period ended December 31, 2014 increased 176% to US$22.9 million (US$8.31MM: 2013) Quarterly revenues for the three month period ended December 31, 2014 increased 43% to US$4.82MM (US$3.38MM for the comparable three month period ended December 31, 2013) Average production volumes for the year 2014, increased 173% to 923 barrels of oil equivalent per day (338 boe/d: 2013) As estimated by the independent report completed by NSAI (as defined below under Reserve Data) dated as of December 31, 2014 (all reserve figures are net to Caza): Proven (1P) reserves increased 39.2% to 6.18 MMboe (4.44 MMboe…Finish this article — free account or subscription
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