Has anybody got any views on Caza, I know it has been sticking recently in its 40's - 50's just wondering if you people in the know zone expect it to go higher soon and what are mm's?

Caza slumps on disappointing results at O.B. Ranch
By Sarah Modlock | Wed, 28/09/2011 - 10:50

Shares in Caza Oil and Gas (CAZA) slumped on Wednesday as it revealed that the O.B. Ranch wells had underperformed.

However, there was some positive news as the company added that drilling results on the initial two wells on the San Jacinto property are above expectations and it has increased its net daily output to 374 barrels of oil equivalent per day - 88% up on the second quarter.

The AIM-listed firm's shares were almost 20% lower in late-morning trading at 11.24p.

Chief executive Michael Ford told investors: "While the O.B. Ranch wells are commercial, they have clearly underperformed. However, there is other Cook Mountain and Yegua potential in the area, which continues to be evaluated."

He added that the non-operated Windham wells are still cleaning up and have combined with the Caza Elkins and O.B. Ranch wells to increase Caza's net production.

The company's statement said: "Production data from the O.B. Ranch #1 and #2 wells seems to indicate that the reservoir is more limited in nature than can be seen on seismic data alone. This data, when coupled with the fresh formation water production at O.B. Ranch #2, has increased the commercial and technical risk of the project."

"Bringing these wells on line has added long term production, proven reserves and additional cash flow to Caza's already solid platform. We hope to increase production further with the Caza McMillan #1 well and additional drilling on the San Jacinto property in the near term, while continuing to develop future projects of varying risk profiles in the Permian Basin and South Louisiana," said Ford.

He added that he was "very pleased" with the continued progress of increasing our production. The drilling results seen on the initial two wells on the San Jacinto property are above expectations. With another five potential locations to be drilled and with our significant interest in this property, we will benefit significantly from the production, cash flow and proven reserves associated with the wells."

"We have a good portfolio of projects, adequate cash to execute our drilling plan, and I look forward to updating the market on Caza's exploration and production activities in the near future."

Nice rise today 40%

is on a spike moood since last Friday and today BREAKOUT 14.75 / 15 now

buying till the last minute and even 35 seconds after and paying 16.50p though offer at 15.50p

Some good size buying late this afternoon

Any news tomorrow?

have been leaky in the past

Good update yesterday but looks like it on the move today

http://www.spreadbetmagazine.com/blog/

After a fairly muted reaction to yesterday’ s operational update from Caza Oil and Gas’s South East New Mexico field, the shares have sprung to life settling 25% higher to 12.5p this afternoon.

The update from the Forehand Ranch prospect in Eddy County and Copperline Prospect in Lea County has been positively received by the markets after disappointments on some of its Texan assets drove the shares down to 6.5p in early September - a 52 week low. For astute investors who were prepared to take the risk, they have now seen a 50% gain in their shares in the last month.

For Forehand, “There were good mud log shows for oil and natural gas throughout the Bone Spring formation while drilling the vertical section, notably in the Avalon Shale and 1st, 2nd and 3rd Bone Spring Sands along with shows in the shallower Delaware and Lower Brushy Canyon and the deeper Wolfcamp formations.”

Michael Ford, Caza’s CEO commented on the New Mexico results said that “The log and core data have confirmed the presence of multiple potential pay zones containing oil and liquids-rich natural gas.”

Some good news at last for Caza shareholders!

On the move again this morning

Looks like CAZA has put on application in to test the Caza Ridge 14 3H well and be exempt from the ‘No flare ‘ rule 19.15.18.12. Based on an estimated production of 1000 BOPD (estimate), the gas to be flared is 500 MCF per day. Temporary gas sales will be set up from 30th November.

There it is in print oil and gas from this well!!! (See the last two filings)

http://ocdimage.emnrd.state.nm.us/imaging/WellFileView.aspx?RefType=WF&RefID=30025406210000

The filings mean that they want to production test the well. They can store the oil/NGL so no issues there but due to a lack of a pipeline they have to flare (burn off) the gas off. The regulation I referred to obviosly means US companies have to seek permission for this due to impact on the environment/ HSE etc. They are justifying the need to do this by saying they are testing estimated flow rates of 1000 BOPD as I understand it. I doubt they could achieve those kind of flow rates long term but means we have a commercial well for sure. Throw in a bit of gas aswell.

Caza oil and gas continues fireworks

Monday, November 5, 2012 at 10:26AM
Contrarian Investor UK in Caza Oil & gas, Caza oil and gas, spread betting




U.S. focused oil and gas exploration group, Caza Oil and Gas, has been having quite a week. It is up yet another 17% to 13.5p, and so capping a 50% plus rise in less than 7 days!

As highlighted by a blog post last week (http://www.spreadbetmagazine.com/blog/caza-oil-and-gas-storms-up-25-on-operational-update.html), the re-rating has been driven by a positive operational update from its property in South East New Mexico and so leading to hopes that it will be cash flow positive ahead of expectations and therefore avoid further fund raising through dilutive placings.

The company is now valued at around £22 million and shows just how sentiment in the great AIM oil and gas casino can reverse sharply on any hint of good news. The scale of the change in Caza’s fortunes based on drilling success at the company’s Forehand Ranch prospect has been largely unexpected to say the least, particularly given the muted response to the operational update on the actual day of its release.

Not so much a case of remember, remember the 5th of November…more like October 30th in the case of Caza!

Contrarian Investor UK

Great result so far......... am i the only person in on these on moneyam

November 6, 2012

Caza Oil & Gas, Inc.

CAZA OIL & GAS ANNOUNCES INITIAL PRODUCTION

CAZA RIDGE BONE SPRING TEST WELL



HOUSTON, TEXAS (Marketwire - November 6, 2012) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) is pleased to provide a production update for the Company's Caza Ridge horizontal Bone Spring well on its Copperline Prospect in Lea County, New Mexico.



As previously announced, the Caza Ridge 14 State No. 3H horizontal Bone Spring well was fracture stimulated in twelve stages and has been flowing back for the past week. Under controlled flowback the producing rates have continued to increase each day, and during the past 24 hours the well produced a total of 844 barrels (bbls) of oil, 1,063 thousand cubic feet of natural gas, which equates to 1,021 bbls of oil equivalent, and 667 bbls of frac fluid. The well continues to clean up and recovered hydrocarbons and frac fluids at a gross rate of approximately 1,688 bbls equivalent on an 18/64ths adjustable choke at 2,900 pounds per square inch flowing casing pressure.



Caza currently has a 45% working interest (35.213% net revenue interest) before payout and a 58.75% working interest (45.972% net revenue interest) after payout in the Caza Ridge 14 State No. 3H well.



The Bone Spring formation in Lea and Eddy Counties, New Mexico, contains multiple potential pay zones for oil and liquids-rich natural gas. Caza's current prospects in the horizontal Bone Spring play are Lynch, Forehand Ranch, Lennox, Copperline, Mad River, Azotea Mesa, Bradley 29, Two Mesas and Quail Ridge. The Company is well positioned with approximately 3,300 net acres in the play, and management continues to monitor opportunities to build on Caza's current acreage position.

I got out just over a year ago before the big drop, lost a little and haven't bothered with them since, wish I had bought back a month or so ago but no available funds at the moment. gl

More news to come within a week should help the SP going in the right direction

Forehand Ranch Prospect, Eddy County, New Mexico. The Forehand Ranch 27 State Com No. 1H horizontal well has reached the intended total vertical depth of approximately 9,450 feet subsurface and log data and core samples have been obtained. Based on analysis of the log and core data, Caza and its partners are now preparing to commence drilling the horizontal section of the well through the primary objective 2(nd) Bone Spring Sand targeting the interval centered at 7,350 feet measured depth. The horizontal section will be approximately 4,360 feet in length, and the well is scheduled to be drilled to a total measured depth of approximately 11,961 feet. Once the horizontal section is complete, the well will be fracture stimulated, and the market will be updated accordingly.

There were good mud log shows for oil and natural gas throughout the Bone Spring formation while drilling the vertical section, notably in the Avalon Shale and 1(st) , 2(nd) and 3(rd) Bone Spring Sands along with shows in the shallower Delaware and Lower Brushy Canyon and the deeper Wolfcamp formations.

I think this is just the beginning, markymar. This could be another MAGP and the share of 2013. They are now involved in oil field development rather than wildcatting. It is a much lower risk operation. My first target is to get back to 45p. Continued good news flow should see us there sooner or later.

Rns Monday


http://finance.yahoo.com/q?s=CAZ.TO

"next earnings date: 12/11/12"

Also news next week of 2nd well at Bone springs

Still going strong today...........waiting for news