Caza begins drilling second well in Copperline Bone Spring
24th Jun 2013 09:09
AIM-listed Caza Oil & Gas has commenced drilling operations on the company's second well on its Copperline Bone Spring property in Lea County, New Mexico. The well will be drilled to a total vertical depth of about 11,750 feet with a total measured depth of approximately 15,895 feet. It is a
Read moreCaza secures advance to boost Texas well production
19th Jun 2013 10:56
AIM-listed independent energy company Caza Oil & Gas has agreed to an advance in the gross amount of 450,000 pounds pursuant to its 6.0m pound Standby Equity Distribution Agreement (SEDA) between the company and YA Global Master SPV, an investment fund managed by Yorkville Advisors Global, LP. The
Read moreCaza Oil & Gas secures financing facility with Apollo Investment Management
24th May 2013 09:01
AIM-listed Caza Oil & Gas has entered into a note purchase agreement with Apollo Investment Corporation, an investment fund managed by Apollo Investment Management, through which Apollo Investment Management has agreed to purchase up to 50m dollars of senior secured notes of Caza Oil & Gas. The co
Read moreCaza Oil & Gas reports rise in oil and natural liquids production
13th May 2013 14:35
Caza Oil & Gas reported an 18 per cent year-on-year increase in oil and natural gas liquids production to 13,820 barrels in the first quarter. Natural gas production fell 60% to 39,742m cubic feet (mcf) for the first three months, compared to 99,563 mcf for the same period last year, reflecting mec
Read moreCaza's confirms Lennox ready for fracking
4th Apr 2013 08:21
US exploration tiddler Caza Oil & Gas has confirmed its Lennox well in New Mexico showed a number of encouraging potential zones for oil and gas. Drilling at the Lennox State Unit 32 2H horizontal well in southeast New Mexico delivered results that contained multiple potential pay zones for oil and
Read moreCaza Oil kicks off drilling at Lennox Prospect in New Mexico
23rd Jan 2013 09:04
AIM-listed Caza Oil & Gas has announced that drilling has commenced on the company's Lennox prospect in Lea County in New Mexico. The well will be drilled to a total vertical depth of approximately 11,850 feet with a total measured depth of approximately 14,740 feet. The primary target is the Bone
Read moreLondon close: Stocks finish lower ahead of US budget talks
28th Dec 2012 16:35
Markets finished firmly in negative territory on Friday afternoon as investors showed concern with just a few days left before the fiscal cliff deadline. President Barack Obama has called a meeting with congressional leaders today in which they are expected to draw up a piece of legislation to be s
Read moreLondon midday: Stocks drop into the red as 'fiscal cliff' looms
28th Dec 2012 11:29
After a strong start, markets across Europe dipped into the red by midday with the US fiscal cliff continuing to dominate market sentiment. "We are now just over three days away from the so-called 'fiscal cliff' and after many months of posturing and political bravado, the US has run out of time,"
Read moreLondon open: Stocks open strongly on fiscal cliff hopes
28th Dec 2012 08:33
The FTSE 100 opened firmly in positive territory on Friday morning ahead of critical talks between US leaders this weekend. Stocks tracked Asian markets higher overnight with Japan's Nikkei finishing its final session of 2012 up around 0.7% (Japanese markets are closed on Monday). This means that t
Read moreProduction begins at Caza's New Mexico project
28th Dec 2012 07:52
US-focused hydrocarbon explorer Caza Oil & Gas has announced that initial production has started at its Forehand Ranch Prospect in Eddy County, New Mexico. The Forehand Ranch 27 State Com No. 1H horizontal Bone Spring well was fracture stimulated in the second Bone Spring Sand in twelve stages and
Read moreCaza on a high as test well production increases
6th Nov 2012 15:44
Caza Oil & Gas hit a 52-week high after revealing that production rates at its 3H horizontal Bone Spring well in New Mexico have been increasing on a daily basis. Caza currently has a 45% working interest (35.213% net revenue interest) before payout and a 58.75% working interest (45.972% net revenu
Read moreCaza has a result down New Mexico way
31st Oct 2012 12:27
Texas-based explorer Caza Oil & Gas has had a good result on the Forehand Ranch prospect in New Mexico. There were good mud log shows for oil and natural gas throughout the Bone Spring formation while drilling the vertical section of the Forehand Ranch 27 State Com No. 1H horizontal well, notably i
Read moreSector movers: BP boosts gains for oil and gas producers
30th Oct 2012 15:11
Oil and gas producers were making gains on Tuesday afternoon despite declining oil prices, as BP lifted sentiment in the sector with forecast-beating third-quarter results and a hiked quarterly dividend. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net
Read moreResource round-up: Caza Oil & Gas, Edge Resources, President Energy
30th Oct 2012 14:14
US-focused Caza Oil & Gas jumped after it confirmed it had reached total vertical depth on its Forehand Ranch well on schedule. Log and core data confirmed the presence of multiple potential pay zones containing oil and liquids-rich natural gas, the firm said. The company added that a twelve stage f
Read moreCaza rises on positive drilling result from Forehand Ranch
3rd Oct 2012 08:06
Oil and gas firm Caza has begun drilling on the initial test well at its part-owned Forehand Ranch Prospect in Eddy County, New Mexico. The well will be drilled to a total vertical depth of around 9,200 ft with a total measured depth of approximately 11,929 ft. The company holds a 54.83% working
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