Executive Management Team William Michael Ford is Chief Executive Officer and President of the Company and Caza Petroleum and W. Michael Ford has served in both capacities since July 2006. Prior thereto, Mr. Ford was a founder and…
Company Overview Caza Oil & Gas is an independent oil and gas company focused on onshore exploration, development and production in New Mexico, Louisiana & Texas; Headquartered in Houston, Texas, and dual listed on AIM and TSX;…
Company Strategy Achieve significant growth in reserves and production by progressing material, internally generated prospects, exploiting proved plus probable reserves and through strategic acquisitions Exploit ranked…
Company Highlights Production increased to 503 Boe/day from 312 Boe/day in Q42013, a 61% increase. Production has further increased this year to 888 Boe/day2 with the addition of West Copperline 293H well. G&A has fallen from 48.00…
Reserve and PDP Growth (PV 10 - 1,000) Entry to Bone Post PV 10-Present Value Discounted at 10% -1,000 300,000 Spring Play Sold Apollo San Jacinto Property 250,000 200,000 Possible Probable 150,000 PUD & PDNP PDP…
Reserve & PDP Growth Oil (MBo) 16,000 Entry to Bone 14,000 Spring Play 12,000 MBo (Barrels of Oil) 10,000 Possible Probable 8,000 Proven PDP 6,000 4,000 2,000 0 2010 2011 2012 2013 1) NSAI Reserve Report…
Finding & Development Cost per Barrel Oil Equivalent per Reserve Type 30.00 25.00 Finding Cost per Boe () 20.00 Proved 15.00 Proved & Prob. 3P 10.00 5.00 0.00 2011 2012 2013 1) NSAI Reserve Report…
Proven Reserves (Oil, Gas, Boe)1 8,000 7,000 Proven Boe Mboe 6,000 2 Oil -Mbo, Gas-MMcfg, Boe - Mboe 5,000 Proven Oil Mbo Increasing each year 4,000 2 3,000 Proven Gas MMcf 2,000 2 Start using Apollo Funds…
Proven & PDP Reserves PV10 (1000)1 Present value discounted at 10% 80,000.0 PV 10-Present Value Discounted at 10% -1,000 70,000.0 60,000.0 Double Value in last year 50,000.0 40,000.0 PV 10 - Proven PDP PV 10%…
Caza Valuation Proven Reserves (PV 102) 75.50MM1 Cash as of 12/31/13 18.50 MM Debt through the Apollo Facility (35.00 MM) Yorkville (Convertible) (3.80 MM) Total 55.50 MM Outstanding Shares 190.4 MM Shares Outstanding Proven…
Caza Significant Drilling Q1 2014 Reserves from 12/31/20141 Net Caza Marathon Road PA 1H 3rd Bone Spring Sand PV 10 1.888M, 51.3 Mbo, 12.0 Mbo NGLS, 53.7Mcfg Listed as Proven Undeveloped per NSAI1 West Copperline 293H 3rd Bone…
Caza PDP BOE through 03/01/2014 17 Net Production 03/01/14
Bone Spring New Mexico 18
Bone Spring Play - SE New Mexico Zones of Interest Play Area Bone Spring Play is one of the most active emerging oil plays in the US Increased activity driven since 2009 by the emergence of new oil and liquid-rich plays…
Caza Drilling Portfolio SE New Mexico Horizontal Bone Spring Prospects Caza Property Locations Gateway Lynch (non-op) Bradley Lennox Lynch, Quail Ridge & Chap 33 Copperline Two Mesas Gramma Ridge Forehand Ranch Bradley 29…
SE New Mexico Horizontal Bone Spring Program Caza Bone Spring Overview (Company Modeling Assumptions) Location Southeast New Mexico - Delaware Basin Number of locations: 314 + Development cost: 6MM to 8MM per well Average first…
Drilling & Completion Efficiency Improvements Total Days Drilled per Well 70 60 Total Days Drilled per Well 50 40 30 20 10 0 Caza Ridge 143H Lennox 32 2H Caza Ridge 144H Gateway 22H W. Copperline 29 W. Copperline 29 W.…
Bone Spring Play Facts One of the most active oil plays in the US: Pay zones include Delaware, Avalon Shale, 1st, 2nd, 3rd Bone Spring Sands, and Wolfcamp Up to 24 potential horizontal locations per square mile Production supports…
Caza Going Forward 24
Caza Going Forward 2014 - 2015 Accelerate Bone Spring drilling program Focused on areas with high oil/liquids potential and low risk profile (currently 77% oil/liquids) Expand acreage in Bone Spring Trend Increase prospect inventory…
Glossary of Abbreviations Bbl one barrel, each barrel representing Mcf/d one thousand cubic feet of natural gas Boe or Mcfe may 34.972 Imperial gallons or 42 U.S. gallons per day be misleading, bbl/d barrels per day Mcfe one thousand…
Board of Directors BOARD OF DIRECTORS JOHN McGOLDRICK J. RUSSELL PORTER Chairman Director Most of Johns career was spent at Enterprise Oil where he held a President and Chief Executive Officer of Gastar variety of senior management…
Caza Contact Information W. Michael Ford CEO and President Tel: +1 432 682 7424 www.cazapetro.com 30