Caza Oil & Gas, Inc. announce two more strong results for the Company's Bone Spring program with the first development well on the non-operated Marathon Road Property and the initial test well on the recently acquired and operated East Marathon Road Property.

Marathon Road Property, Lea County, New Mexico: The Marathon Road 15 OB Fed #1H horizontal Bone Spring development well (the "15OB-1H") reached the intended total measured depth of approximately 15,625 feet in the 3rd Bone Spring Sand interval and was subsequently fracture stimulated in multiple stages beginning on December 9, 2014.

Under controlled flowback, the producing rates have steadily increased and the 15OB-1H produced at a 24 hour gross rate of approximately 1,928 barrels (bbls) of oil equivalent, which is comprised of 1,698 bbls of oil and 1.38 million cubic feet of natural gas, on December 16, 2014. The 15OB-1H was producing on a 48/64ths adjustable choke at 820 pounds per square inch flowing casing pressure.

Tags: Caza Oil & Gas