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?

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