Caza Oil & Gas Starts Drilling in New Mexico, Updates on Operations

Caza Oil & Gas Inc. (TSX:CAZ) announced that drilling has begun at its Forehand Ranch prospect, which is located in New Mexico. The well will be drilled to a total measured depth of about 11,929 feet. Caza also provided an update on its operations.

As quoted in the press release:

The primary target is the 2^nd Bone Spring Sand at a vertical depth of approximately 7,450 feet subsurface with potential secondary targets in the Delaware, Lower Brushy Canyon, Avalon Shale, 1^st and 3^rd Bone Spring Sands and Wolfcamp.

Caza has a 54.83% working interest before pay-out (42.02% net revenue interest) and a 63.00% working interest after pay-out (48.27% net revenue interest) in the Forehand Ranch 27 State Com No. 1H well.

Click here to read the full Caza Oil & Gas Inc. (TSX:CAZ) press release.