News

June 15, 2009

Caza Oil & Gas Gets A New Lease of Life From A Farm In By Endeavour International To Its Onshore US Properties

Caza Oil & Gas, which is quoted on the Toronto and London AIM exchanges, is a US based exploration company. Its activities are focused on low risk exploration and exploitation in Texas, New Mexico and Louisiana. In Louisiana particularly there are opportunities for high impact drilling in deeper horizons ( below 12,000 feet) using the latest SD seismic interpretation method which could deliver considerable upside to the company’s activities.

Between 2000 and 2006, Caza’s predecessor Falcon Bay built up an extensive data base of 3D for Louisiana and Texas and a land bank in those states. Since the incorporation of Caza in June 2006, US$51.2 million has been raised (net of insurance costs) which has funded further seismic analysis, further significant acreage acquisition and a drilling programme on the properties.

By the end of 2008 the company had a landbank of 26 properties covering 40,000 gross acres (17,000 acres net)....