Caza Oil & Gas, Inc. announce another strong result for the Company's Bone Spring exploration and development program with the initial test well on the Jazzmaster Property, operated by Endurance Resources, LLC in Lea County, New Mexico.
Jazzmaster Property: The Jazzmaster 17 State No. 4H horizontal Bone Spring test well reached its intended total measured depth of approximately 15,315 feet in the 2nd Bone Spring Sand interval on October 11, 2013, and was subsequently fracture stimulated beginning on November 12, 2013. Under controlled flowback the producing rates have remained steady. On December 13, 2013, the well produced at a peak 24 hour rate of 458 barrels (bbls) of oil and 470 thousand cubic feet of natural gas, which equates to 536 bbls of oil equivalent (Boe). The well continues to clean up and is producing on a 26/64ths choke at 630 pounds per square inch flowing casing pressure. Oil is already being sold and the produced gas will be connected to local sales infrastructure in the near future.