Caza Oil & Gas, Inc. announce a significant acquisition of prospective Bone Spring and Wolfcamp acreage in the southern Delaware Basin, which extends into Texas, and substantially, increases the Company's current acreage position in the oil and liquids-rich Bone Spring/Wolfcamp Play.

CWEI Farmout Area, Reeves County, Texas: Caza has entered into a farmout and exploration agreement (the "Agreement") with Clayton Williams Energy, Inc. (CWEI), to jointly develop CWEI's 14,738 leased net acres in Reeves County, Texas (the "Farmout Area"), subject to the terms of the Agreement.

Tags: Caza Oil & Gas