"Caza continued its positive operational and financial performance in the third quarter of 2012."

"The proceeds from the sale of the San Jacinto property opened several doors for the Company, especially on the exploration front. Management used a portion of the proceeds to drill the Caza Ridge and Forehand Ranch horizontal Bone Spring test wells at our Copperline and Forehand Ranch prospects respectively. We are very pleased to report that oil and natural gas from the Caza Ridge well are already going to sales, and we continue to be impressed with the well's production results. We also look forward to fracture stimulating the Forehand Ranch well and bringing it online in December. The Caza Ridge well alone has made up for and surpassed any decreases in production, revenue and cash flow caused in this quarter by the sale of the San Jacinto assets and will provide a substantial increase to our oil to natural gas ratio in the fourth quarter."

"The horizontal Bone Spring play has proven to be a successful venture for Caza thus far, as we also participated as a non-operator in the Bradley 29 and Quail 16 State horizontal Bone Spring wells. Knowledge gained from the successful results of these wells has de-risked some of Caza's acreage position in the play, while also providing the Company with valuable information for future drilling from the Company's inventory of Bone Spring prospects. In addition to Copperline, Forehand Ranch, Quail Ridge and Bradley 29, Caza has five other horizontal Bone Spring prospects under lease including: Lynch, Lennox, Mad River, Two Mesas and Azotea Mesa. This gives the Company approximately 3,300 net acres in the play with many potential drillsite locations."

"In addition, positive reports continue to come from elsewhere in the Bone Spring play. In order to build on the momentum created by the Company's recent successes, management is preparing the Lennox prospect in Lea County, New Mexico for drilling as early as mid-January 2013."


http://www.cazapetro.com/

Good news after every announcement but no real move upwards!!!!!

WATCH: Caza Oil & Gas (CAZA) - The 65th Oilbarrel Conference

Click here to watch

Conference was positive.

What is going to be the catalyst to get the stock moving back up?

The problem here is that the company keeps issuing shares to Yorkville. Yorkville are selling the shares short in the market and it is this overhang that keeps the price artificially low. Only when this ends or something seismic happens will the share price move to a higher level. I am trying to be patient with this and add whenever I have spare funds available. Sooner or later this will move. I just hope I live long enough to see it.

Yorkville.

Are they a Hedge fund?

More positive news flow.

Excellent update today followed by a positive market response. Huge (for Canada) volume on the TSX tonight and another rise in the Canadian share price bodes well for us tomorrow.

Good news again!!!!!!

Excellent news. The buying has carried over into Canada this evening with the shares trading at C$40.5 - 41 which equates to 22.275p on the bid. Looks like we could have more to come tomorrow, although I would expect a pull back by the market before we make much more progress. Lots more good news to come.

wouldn't be surprised to see it drift back to 16p for now till next update.

I sold out today, been a wait to get there but very happy with profit.

More of the same please.

yes marky, i did the same only at 17p......... ah well. Good luck CD.,.

Update this morning.

Impressive report today.

Usual tepid market response. What do we have to do to get this stock to a fair value? I dare say that our South American stockholders are still selling and that alone will keep the share price down.

Caza Oil & Gas - Acreage acquisition and operational update

click here to listen

Another one bites the dust.

SER next? Must be the most toxic share on aim for a start.

"This morning’s interim report from Sefton Resources (SER) does not make for happy reading for shareholders. After yesterday’s news that the company has run up the white flag to Team Shotgun, today’s numbers pour a bucket of ice water over the Clem Chambers/Mike Hodges fantasy. Sefton had limited resources. It had a plan. Ex-CFO Raylene Whitford was making headway in incredibly difficult circumstances and should have been supported, not attacked. Now, thanks to the interference of the market abuser and the bank robber, it will be lights out by Christmas, unless the company can issue more confetti. Oh, and convince Ray Zimmerman to take on this basket case."


I notice the city has started pulling funding for some of the tiddlers even with the usual 30+% discounts. Small cap / micro cap sector as bad as its ever been now.