Caza says that the Caza 162 #1 well (the “162 well”) in Upton County, Texas, reached a total depth of 11,287 feet on October 11, 2010. Electric logs indicate potential pay zones in the Clearfork, Spraberry, Wolfcamp and Atoka formations. Production casing has been set, and the operator is preparing the 162 well for fracture stimulation.

Caza is also pleased to announce that the completion process has commenced on the Caza 158 #1 well, which was fracture stimulated in the Atoka formation at a depth of approximately 11,000 feet on October 11, 2010. Caza will issue an update once the fracture fluid is recovered and test rates are established.

Caza has a 25.0% non-operated working interest and a corresponding 18.75% net revenue interest in each well.

Caza’s Chief Executive Officer W. Michael Ford, said, “We are very pleased to announce that both wells are moving forward towards completion. The flow rates seen after fracture stimulation will determine the way forward.”

Tags: Caza Oil & Gas