Caza Oil & Gas Announces Commencement of Production on O.B. Ranch #1 Well

Caza Oil & Gas, Inc. (LON:CAZA) advises that permanent production facilities are in place, and the O.B. Ranch #1 well on the Bongo Prospect in Wharton County, Texas was placed on production on 13 December 2010.

The press release is quoted as saying:

Initial production rates through the permanent facilities are approximately 2.48 million cubic feet of natural gas per day, 400 barrels of oil per day and 190 barrels of water per day in total. The well is producing on a 9/64th choke at 6,100 pounds per square inch flowing tubing pressure and still has approximately 750 barrels of fracture fluid to recover. The production rates are being closely monitored, and Caza will provide an update once the rates and flowing tubing pressure have stabilised.

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