Caza Reports Success at NM Test Well

摘要

Caza Oil & Gas has reported successful flow rates at its Bone Spring test well on its West Copperline property in Lea County, New Mexico. The company said the well was drilled to 15,035 total depth and recorded 24-hour flows of 800 bbl of oil and 1.2 MMcf of natural gas. Casa Chief Executive Michael Ford said oil is already being sold and natural gas will be flowing to sales within 10 days. He added that core samples indicate oil and natural gas across several formations in the area and that future drilling is waiting on the necessary drilling permits.