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Caza oil & gas announces first quarter results and provides operational update


Published May 16, 2014
Caza Oil & Gas-2

Caza Oil & Gas, Inc. is pleased to provide its unaudited financial and operational results for the three-months ended March 31, 2014.

Unaudited First Quarter Financial Results

Caza's revenues from oil and natural gas sales increased 259% to US$4,591,507 for the three-month period ended March 31, 2014, from US$1,279,296 for the comparative period in 2013. This also represents a quarter-on-quarter increase of 36% compared to US$3,381,486 in Q4 2013.

Adjusted EBITDA increased by 695% to $2,139,210 for the three-month period ended March 31, 2014, as compared to ($359,576) for the comparative period in 2013. Caza's oil and natural gas liquids (NGL) production increased 224% to 44,724 bbls for the three-month period ended March 31, 2014, from 13,820 bbls for the comparative period in 2013. This was also an increase of 31% from 34,219 bbls in Q4 2013.

Tags: Caza Oil & Gas




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