Caza Oil & Gas, Inc. provide an operational update on the Arran Prospect in Acadia Parish, Louisiana.

The Company has executed a drilling contract with Nabors Drilling USA, LP to utilize Nabors Rig 4 to drill the Marian Baker #1 well on Arran Prospect to a total depth of approximately 16,000 feet beginning on or around December 18, 2010. Arran is regarded by the Company to be a multi-segment prospect, with prospective reservoirs supported by AVO data within a proven play fairway. The Marian Baker #1 well is expected to encounter multiple, potential, hydrocarbon bearing reservoir sections. Caza will update the market accordingly when the well spuds.

Caza has acquired additional working interest from two internal partners in the prospect and will now participate with a 25% working interest before casing point and a 35.94% working interest after casing point in the Marian Baker #1 well with an approximate net revenue interest of 26.24%.

Tags: Caza Oil & Gas