Caza unveils Endeavour collaboration details

14th May 2009 15:45

Oil and gas explorer Caza and its partner Endeavour International have finalised details of their collaboration programme for 2009.Endeavour has agreed to fund the drilling of three wells located in the Abo-Wolfcamp trend in New Mexico. Six additional prospects for potential drilling and testing in 2009 have been identified, though Endeavour has yet to sign off on these.'Our 2009 drilling programme has been designed to expose Caza's interest to ample upside, which should transform into additional cash flows, while conserving the company's capital position in this difficult financial climate,' said Caza's president and chief executive officer, Michael Ford.