Caza Oil & Gas, Inc. Operational Update-Texas and Louisiana
Caza Oil & Gas, Inc. (TSE:CAZ) provided an update on the current status of its operations in Texas and Louisiana regarding the following projects.
Caza Oil & Gas, Inc. (TSX:CAZ) provided an update on the current status of its operations in Texas and Louisiana regarding the following projects.
The press release is quoted as saying:
As announced on September 29, 2010, the Caza 158 #1 well, the initial well on the prospect, reached its target depth having encountered multiple potential pay sands in the Wolfcamp, Spraberry and Atoka formations and is on schedule to be fracture stimulated in mid-October. As at October 5, 2010, the second well on the prospect, the Caza 162 #1 well had reached a depth of 10,798 feet towards its intended target depth of 11,250 feet. Caza currently has a 25.0% working interest and a corresponding 18.75% net revenue interest in each well.