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Last C$0.12 CAD
Change Today +0.005 / 4.35%
Volume 2.0K
CAZ On Other Exchanges
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As of 9:30 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

caza oil & gas inc (CAZ) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
06/4/14 - C$0.48
52 Week Low
01/26/15 - C$0.10
Market Cap
28.4M
Average Volume 10 Days
187.8K
EPS TTM
C$-0.02
Shares Outstanding
236.4M
EX-Date
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P/E TM
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Dividend
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Current Stock Chart for CAZA OIL & GAS INC (CAZ)

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caza oil & gas inc (CAZ) Details

Caza Oil & Gas, Inc. is engaged in the exploration for and the development, production, and acquisition of petroleum and natural gas reserves. The company has interests in approximately 6,860 net acres in the Bone Springs play and other properties in southeast New Mexico; approximately 1,296 net acres in the Wilcox, Cook Mountain, Frio, and Yegua trends located in Wharton County, Texas; approximately 150 net acres in trends located in St. Landry and Lafayette Parishes, Louisiana; and approximately 355 net acres in the Permian Basin of west Texas. As of December 31, 2013, its total net proved, probable, and possible oil and natural gas reserves were approximately 15,833.2 thousand barrels of light and medium crude oil; 69,588.3 million cubic feet of natural gas; and 10,738.0 thousand barrels of natural gas liquids. Caza Oil & Gas, Inc. was founded in 2000 and is headquartered in The Woodlands, Texas.

17 Employees
Last Reported Date: 03/25/14
Founded in 2000

caza oil & gas inc (CAZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $217.8K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $159.6K
Vice President of Operations
Total Annual Compensation: $192.4K
Vice President of Land and Secretary
Total Annual Compensation: $192.4K
Vice President of Exploration
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

caza oil & gas inc (CAZ) Key Developments

Caza Oil & Gas, Inc. Provides an Operational Update for the Marathon Road and East Marathon Road Properties

Caza Oil & Gas, Inc. provided an operational update for the Marathon Road and East Marathon Road properties along with future drilling plans for the Company's Bone Spring program. Marathon Road Property, Lea County, New Mexico: On December 18, 2014, the Company announced the results of the non-operated Marathon Road 15 OB Fed #1H horizontal Bone Spring development well (15OB-1H). The initial 30 day average for the 15OB-1H was 1,160 barrels (bbls) of oil equivalent per day (Boe/d) gross, which consisted of 1,022 bbls/d of oil and 826 Mcf/d of natural gas. Additionally, the Marathon Road 15 NC #1H horizontal Bone Spring development well (15NC-1H) commenced drilling operations on January 10, 2015. The 15NC-1H is a direct offset to the 15OB-1H and is currently drilling ahead in the vertical section at approximately 5,388 feet. This will be the third well drilled on the Marathon Road property, which also includes the Marathon Road 15 PA Fed #1H well. Caza currently has a 14.7% working interest (approximate 12.5% net revenue interest) in the Marathon Road wells. East Marathon Road Property, Lea County, New Mexico: On December 18, 2014, the Company also announced the results of the operated Igloo 19 State #2H well (19-2H), which was the initial horizontal Bone Spring test well on this property. The initial 30 day average for the 19-2H was 931 Boe/d gross, which consisted of 801 bbls/d of oil and 785 Mcf/d of natural gas. The 19-2H well earned Caza a 30% working interest (approximate 24% net revenue interest) in the well and the East Marathon Road Property. Future Bone Spring Drilling Program: Marathon Road and East Marathon Road are held by production (HBP) with no further drilling obligations. Each property has significant development upside across as many as six stacked pay zones. Although management expects these properties to be economic even in the current oil price environment, with no further drilling obligations the Company will postpone developing them further until oil prices recover and/or operational costs come down enough to justify drilling. These are prolific wells that would be better developed once the oil price recovers in order to maximize profits for the Company and its shareholders. In that regard, a significant majority of the Company's Bone Spring properties are also HBP with no further drilling obligations and the Company is adopting this approach across its portfolio of operated Bone Spring properties. Therefore, in the near term only obligation wells will be considered for drilling. The currently drilling Marathon Road 15NC-1H well was proposed and scheduled by the operator prior to the falloff in prices.

Caza Oil & Gas, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Caza Oil & Gas, Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss and comprehensive loss attributable to owners of the company of $6.96 million, or $0.04 loss per share compared to a net loss and comprehensive loss attributable to owners of the company of $1.19 million, or $0.01 loss per share, for the same quarter ended September 30, 2013. Revenue and other income were $7.24 million compared to $2.58 million for the same quarter ended September 30, 2013. For the nine months, net loss and comprehensive loss attributable to owners of the company was $8.91 million, or $0.05 loss per share compared to $4.97 million, or $0.03 loss per share, for the same period ended September 30, 2013. Revenue and other income were $18.12 million, compared to $4.93 million for the same period ended September 30, 2013. These increases have led to a 205% year-on-year increase to the company's average net production volumes and to significant increases in company revenues and adjusted EBITDA.

Caza Oil & Gas, Inc. Announces Initial Production from Two Bone Spring Wells

Caza Oil & Gas, Inc. announced two more strong results for the Company's Bone Spring program with the first development well on the non-operated Marathon Road Property and the initial test well on the recently acquired and operated East Marathon Road Property. Marathon Road Property, Lea County, New Mexico: The Marathon Road 15 OB Fed #1H horizontal Bone Spring development well reached the intended total measured depth of approximately 15,625 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated in multiple stages beginning on December 9, 2014. Under controlled flowback, the producing rates have steadily increased and the 15OB-1H produced at a 24 hour gross rate of approximately 1,928 barrels of oil equivalent, which is comprised of 1,698 bbls of oil and 1.38 million cubic feet of natural gas, on December 16, 2014. The 15OB-1H was producing on a 48/64ths adjustable choke at 820 pounds per square inch flowing casing pressure. This is another significant result on this 600 acre unit. In addition to production from the 15OB-1H and the previously drilled Marathon Road 15 PA Fed #1H, both producing from the 3rd Bone Spring Sand interval, log data was obtained in both wells across the Brushy Canyon, Avalon and 1st and 2nd Bone Spring Sand intervals. The data indicates the presence of oil and natural gas across each of these intervals, which is favorable for future development across the unit. The next horizontal 3rd Bone Spring well to be drilled on the property, the Marathon Road 15 NC Fed #1, is scheduled to commence drilling operations early in the first quarter of 2015, and is a direct offset to the 15OB-1H well. East Marathon Road Property, Lea County, New Mexico: The Igloo 19 State #2H reached the intended total measured depth of approximately 16,000 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated in multiple stages beginning on December 6, 2014. Under controlled flowback, the producing rates have steadily increased and the 19-2H produced at a 24 hour gross rate of approximately 1,356 bbls of oil equivalent, which is comprised of 1,177 bbls of oil and 1.072 million cubic feet of natural gas, on December 16, 2014. The 19-2H was producing on a 32/64ths adjustable choke at 775 pounds per square inch flowing casing pressure. This is a strong well and a significant discovery for the Company, because it is the initial test well drilled on the property and earns Caza its full rights in the lease under the terms of the exploration and development agreement announced on October 9, 2014. Data obtained from the 19-2H well has enhanced the Company's geological understanding of the property and will help to refine its approach to well planning and completions on the balance of the lease. In addition to production from the 3rd Bone Spring Sand interval, log data was obtained across the Brushy Canyon, Avalon and 1st and 2nd Bone Spring Sand intervals. The data indicates the presence of oil and natural gas across each of these intervals, which is favorable for future development across the 480 acre lease.

 

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