Caza Oil & Gas set to go private
4th Apr 2016 12:09
(ShareCast News) - Canada-based Caza Oil & Gas called a special meeting of shareholders on Monday, to consider a proposal that would take the Canadian firm private. The AIM-traded company said the proposal was for Talara - the majority shareholder in Caza - to take the company private at a cash pric
Read moreCaza Oil & Gas financing talks continue as loan pressure mounts
2nd Nov 2015 12:19
(ShareCast News) - Caza Oil & Gas has entered exclusive talks with an unnamed third party about an equity fundraising to help it pay its debts. Since the summer, Caza has been under pressure from the terms of its 2013 loan from private equity group Apollo Global Management. Having negotiated some b
Read moreCaza Oil and Gas shares halve in value on news of equity financing
1st Oct 2015 10:00
(ShareCast News) - Shares in Caza Oil & Gas tumbled on Thursday after the company said it was in advanced discussions regarding a potential equity financing. "If the potential transaction is consummated, it is likely to take the form of an equity investment in the company which, given the current oi
Read moreCaza Oil shares slide on wider quarterly loss
13th Aug 2015 10:21
(ShareCast News) - Shares in Caza Oil & Gas plunged almost 8% on Thursday, after the explorer said its pre-tax loss widened in the second quarter due to a decline in production. In the second three months of 2015, the London-listed group saw its pre-tax loss widen from $0.76m to $3.3m, while revenue
Read moreSector movers: Natural resources stocks weigh
15th May 2015 11:43
London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading. At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points
Read moreCaza plunges as revenue is hit by lower oil and gas prices
15th May 2015 08:34
Shares in Caza Oil & Gas fell over 7% on Friday, after the oil and gas producer said its first quarter revenue fell sharply because of a decline in gas and oil prices. The London-listed group said revenues from oil and natural gas sales for the three months to 31 March, plunged 27% year-on-year to $
Read moreCaza Oil plunges after terminating Clayton Williams deal
26th Feb 2015 13:15
Oil explorer Caza Oil and Gas said it has terminated its farm-out and exploration deal with Clayton Williams Energy Inc by mutual agreement. The companies had agreed to develop land in Texas owned by Clayton Williams but Caza has pulled the plug on the deal, citing a lack of appropriate return to it
Read moreCaza Oil & Gas unveils higher reserves estimates
2nd Dec 2014 10:19
The value of US shale explorer Caza Oil & Gas's reserves was greater than previously expected, the company said citing the most recent audit of the resources which it is targeting. The company's so-called proved developed producing (PDP) reserves increased by 37.3% to reach 1,893.6 million barrels o
Read moreCaza Oil & Gas revenues treble
14th Nov 2014 15:59
Increased production volumes from new wells drove Caza Oil and Gas revenues in the third quarter. Third quarter sales rose from $2.6m to $7.2m, which represented a 15% increase on the previous three months. The firm said that revenue for the first nine months of 2014 rose from $4.9m to $18.1m, whil
Read moreCaza Oil & Gas signs deal over 430 more Bone Spring acres
9th Oct 2014 13:05
Texas-based Caza Oil & Gas has announced the acquisition of further land in the "highly active" heart of the Bone Spring shale play and a higher peak rate on its Broadcaster well. The company has signed an exploration and development agreement with "a large independent company" to acquire a lease ov
Read moreCaza Oil&Gas acquires lease over 480 gross acres at Bone Spring
9th Oct 2014 11:13
Oil exploration outfit Caza Oil&Gas on Thursday announced that it has recently acquired the lease over 480 gross acres in the heart of the Bone Spring play, to which it refers to as East Marathon Road, which is located in the US state of New Mexico. The initial well at the site, named Igloo 19 State
Read moreCaza Oil & Gas cheers with positive result on Gramma Ridge test well
29th May 2014 13:24
AIM-listed Caza Oil & Gas has delivered good news about the Gramma Ridge property in New Mexico, saying the test well has recorded a peak 24-hour gross rate of 830 barrels of oil and 4.63m cubic feet of natural gas. Oil from the well, in which Caza holds a 52.5% working interest, is already being
Read moreCaza draws down more debt to continue Bone Spring momentum
2nd Jan 2014 09:58
AIM-listed Caza Oil & Gas has drawn down 10m dollars of debt to continue encouraging drilling momentum along its West Copperline property on the Bone Spring play in New Mexico. Having hit 1,000-barrel-per-day oil at one West Copperline well in November, Caza said it had contracted a rig to drill tw
Read moreCaza Oil & Gas upbeat despite production drop
9th Aug 2013 07:39
Caza Oil & Gas Chief Executive Michael Ford said he was pleased with the company's operations on the various wells it has been drilling, producing or being completed in the Bone Spring play. The Texas-based company said its oil and natural gas liquids production rose 16% in the second quarter but i
Read moreCaza Oil & Gas confirms initial production for Lennox
4th Jul 2013 11:49
AIM-listed Caza Oil & Gas said its initial horizontal Bone Spring well on its Lennox Prospect in Lea County, New Mexico has established stabilised flow rates for oil and natural gas. It is producing daily rates of 334 barrels (bbls) of oil and 337 thousand cubic feet of natural gas (Mcf), equal to
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