Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the following regions of the United States of America through its subsidiary, Caza Petroleum, Inc.: Permian Basin (West Texas and Southeast New Mexico) and Texas and Louisiana Gulf Coast (on-shore) is listing on both AIM, a market operated by London Stock Exchange plc, and the Toronto Stock Exchange.
12/03/2014Mike Ford, CEO of Caza Oil & Gas (LON:CAZA TSX:CAZA) tells Proactiveinvestors that the 'strong' results so far achieved in the drill programme that the company has outlined are expected to continue throughout the Bone Springs play. Mike also talks about the debt facility and says that while the company could drill out of cashflow the strategy is to roll out the potential at a faster rate and for this Caza will continue to eat into the available loan.)
08/01/2014Mike Ford, CEO Caza Oil & Gas (LON:CAZA TSX:CAZ), tells Proactiveinvestors that the $10mln advance will be used to continue the aggressive drill programme. This, Mike says, will continue to see more and more production come online.
23/08/2013Michael Ford, CEO Caza Oil & Gas (LON:CAZA TSX:CAZA), tells Proactiveinvestors that the company is solely focused on the Bone Springs Play and the twelve well drill programme is going to plan. He confirms that the company continues to be fully funded and it should be cash flow positive in Q3.
04/12/2012Mike Ford, CEO of Caza Oil & Gas (LON:CAZA TSX:CAZA), tells Proactiveinvestors that with the recent developments the company has turned a milestone and is now producing cash flow at around two to three times overhead. The four producing wells have now de-risked the project and it now enables the company to move onto another one hundred locations. Mike says that cash flow is 2-3 times the burn or overhead rate.
07/11/2012John McGoldrick, Chairman of Caza Oil & Gas (LON:CAZA TSX:CAZ) tells Proactiveinvestors that the company has had "an extremely successful result" from a fraccing operation and shares rose in excess of 30% in the wake of the news.
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Caza Oil and Gas, Inc. is a leading independent energy company with a diverse portfolio of high-quality assets, a track record of success and a sound strategy for the future.
We are committed to providing superior performance and returns and optimizing volumes and costs through focused, fit-for-purpose applications of skills and technology.
Our success can be measured through the value we deliver to our investors, business partners and employees.
Caza’s operations in the Permian Basin of west Texas and southeast New Mexico provide the company with low-risk, liquids-rich development opportunities from many geologic reservoirs and play types including, but not limited to, the Wolfberry, Bone Spring and the Delaware Mountain group. This is a mature basin with a vast operational infrastructure providing quick access to sales facilities.
Leading-edge horizontal drilling technologies along with other technological advances in drilling and completion techniques are being used to unlock the massive oil and natural gas resources that remain in place in this region. Caza’s acreage position and continuing commitment to the Permian Basin will deliver high-margin growth for many years to come.
Caza’s Gulf Coast operations cover a large area across south Texas and south Louisiana, including the state waters of the Coastal Transition Zone. Most of the company’s production and reserves in this region come from natural gas reservoirs found in conventional sandstone formations. Exploration and development activities in this area are enhanced by the stacked nature of these sandstone formations, which provides the potential for multiple pay zone completions. In addition to natural gas production, many of the reservoirs yield high condensate volumes, which can significantly enhance economics.
Caza believes that using leading-edge technologies will play a key role in lowering risk profiles and delivering value. In recent years, the use of three dimensional seismic technologies has unlocked new opportunities in this area. Onshore 3-D seismic data is very expensive and provides a significant entry barrier to other companies, which makes Caza’s 8,000-square mile 3-D seismic library both advantageous and valuable.
W. Michael Ford
William Michael Ford has been Caza Petroleum’s Chief Executive Officer, President and Director since 2006. He was also Vice President of Falcon Bay Energy from November 2000 to July 2006.
James M. Markgraf
James Michael Markgraf has served as Vice President, Finance and Chief Financial Officer for Caza Petroleum since 2006. He was also the Chief Financial Officer and Treasurer of Falcon Bay Energy from 2001 to 2006.
Anthony B Sam
Anthony Bryan Sam has served as Vice President, Operations since August 2006. He also served as Vice President, Operations for Falcon Bay Energy from October 2000 to July 2006.
Richard Ronald Albro is Caza Petroleum’s Vice President, Land and has served as Secretary since August 2006. Previously, Mr. Albro served as Vice President, Land of Falcon Bay Energy from November 2000 to July 2006.
Randy L. Nickerson
Randy Nickerson is Vice President Exploration of Caza Petroleum. From November 2004 to October 2011, Mr. Nickerson served as Vice President of Exploration, and Chief Geophysicist for Sanchez Oil & Gas Corporation. Prior, Mr. Nickerson was Chief Geophysicist for Dominion Exploration & Production Corporation.
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