Last C$0.22 CAD
Change Today +0.045 / 25.71%
Volume 50.5K
As of 3:56 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

caza oil & gas inc (CAZ) Snapshot

Open
C$0.19
Previous Close
C$0.18
Day High
C$0.22
Day Low
C$0.19
52 Week High
05/24/13 - C$0.24
52 Week Low
11/15/13 - C$0.12
Market Cap
41.9M
Average Volume 10 Days
31.1K
EPS TTM
C$-0.05
Shares Outstanding
190.4M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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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 2012.

caza oil & gas inc (CAZ) Key Developments

Caza Oil & Gas, Inc. Announces Strong Result on Second Bone Spring Well At West Copperline

Caza Oil & Gas, Inc. announced another strong result with the West Copperline 29 Fed 2H 2nd Bone Spring development well on the West Copperline Property in Lea County, New Mexico. The company previously drilled and is producing the West Copperline 29 Fed 1H and 3H wells, which are producing from the 2nd and 3rd Bone Spring Sand intervals respectively. The West Copperline 29 Fed 2H horizontal Bone Spring development well reached the intended total measured depth of approximately 15,000 feet in the 2nd Bone Spring Sand interval and was subsequently fracture stimulated beginning on March 27, 2014. Under controlled flowback the producing rates have remained steady, and the well produced at a rate of approximately 1,177 barrels (bbls) of oil and 1,133,000 cubic feet of natural gas, which equates to 1,366 bbls of oil equivalent on April 12, 2014. The well was producing on a 34/64ths adjustable choke at 1,000 pounds per square inch flowing tubing pressure. In addition to production from the 2nd Bone Spring Sand interval, log data was also obtained across the Brushy Canyon, Avalon Shale and 1st Bone Spring Sand intervals in the well. The data indicates the presence of oil and natural gas across each of these intervals, which is favorable for future development across the unit. Caza currently has a 62.5% working interest (approximate 46.94% net revenue interest) in the well. Additionally, the non-operated Marathon Road 15 PA Fed 1H 3rd Bone Spring well has averaged 1,665 barrels (bbls) of oil and 1,594,000 cubic feet of natural gas, which equates to 1,913 bbls of oil equivalent per day from March 16, 2014 to April 16, 2014. This is the first well on a 600 acre drilling unit, and the operator intends to drill several more wells during the course of this year. The company currently has a 14.7% working interest (approximate 12.5% net revenue interest) in the well.

Caza Oil & Gas Announces Results on 3rd Bone Spring Test Well at Marathon Road

Caza Oil & Gas, Inc. announced another strong result for the company's Bone Spring program with the initial test well on the non-operated Marathon Road Property in Lea County, New Mexico. The Marathon Road 15 PA Fed #1H horizontal Bone Spring test well reached the intended total measured depth of approximately 15,045 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated beginning on March 11, 2014. Under controlled flowback the producing rates have remained steady, and the Well produced at a rate of approximately 2,032 barrels (bbls) of oil and 1,974 million cubic feet of natural gas, which equates to 2,361 bbls of oil equivalent on March 21, 2014. The Well was producing on a 15/64ths adjustable choke at 1,745 pounds per square inch flowing tubing pressure. This is a significant result given that it is the initial well on a 600 acre unit. In addition to production from the 3rd Bone Spring Sand interval, log data was also obtained across the Brushy Canyon, Avalon and 1st and 2nd Bone Spring Sand intervals in the Well. The data indicates the presence of oil and natural gas across each of these intervals, which is favorable for future development across the unit.

Caza Oil & Gas, Inc. Reports Consolidated Revenue Results for the Fourth Quarter and Consolidated Earnings and Operating Results for the Year Ended December 31, 2013; Reports Operating Results for the Period from March 1, to March 15, 2014

Caza Oil & Gas, Inc. reported consolidated revenue results for the fourth quarter and consolidated earnings and operating results for the year ended December 31, 2013. For the year, the company reported revenues of $8,313,787 against $4,973,614 for the same period in the last year. Loss before income taxes was $8,574,365 against $12,247,999 for the same period in the last year. Net loss attributable to owners of the company was $7,460,658 or $0.04 per basic and diluted share against $10,550,726 or $0.06 per basic and diluted share for the same period in the last year. Cash flows used in operating activities were $1,810,102 against $1,594,054 for the same period in the last year. Exploration and evaluation expenditures were $27,977,466 against $10,464,696 for the same period in the last year. Development and production expenditures were $1,304,691 against $1,949,389 for the same period in the last year. Purchase of office furniture and equipment was $1,250 against $1,944 for the same period in the last year. Quarterly revenues for the three month period ended December 31, 2013 increased 114% to $3.38 million against $1.58 million for the comparable three month period ended December 31, 2012. Average production volumes for the year 2013, increased 19% to 338 barrels of oil equivalent (boe) per day (boe/d) against 285 boe/d for 2012. The company's net average production volumes between March 1 and March 15, 2014 equate to 888 boe/d, which is an increase of 44.6 % over 614 boe/d as at December 31, 2013.

 

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