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?

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