Caza Oil & Gas, Inc. provide the following production update for the Company along with an operational update for its Bone Spring exploration and development program in Lea and Eddy Counties, New Mexico.
The following production highlights show the significance of the Bone Spring production results to the Company thus far, as well as the significant effect the Company's continuous Bone Spring drilling program has had on its current production figures:
◾ Caza's aggregate net production for Q4 2013 was approximately 47,996 Boe, an increase of 11,505 Boe (32%) over the aggregate net production in Q3 2013 (36,491 Boe).
◾ Caza's average daily net production for Q4 2013 was approximately 522 Boe/d, an increase of 32% over the average daily net production in Q3 2013 (397 Boe/d) and an increase of 67% over the corresponding three-month period in 2012 (312 Boe/d).
◾ Caza's average daily net production reached approximately 608 Boe/d in December 2013, an increase of 58% over the average daily net production rate for September 2013 (384 Boe/d), the last month in Q3 2013.