Two more Wells means 1,500+ boepd for Q3 2014 Caza got a financing of $10 million from Apollo a few days ago. Since the cost per well is about $6 million, Caza will drill almost 2 NET wells at its best prospects (i.e. Gramma Ridge, West Copperfield etc.) according to the company.
Two NET wells at Gramma Ridge typically flow at IP-24 of 1,600 boepd and IP-30 higher than 1,000 boepd. Gramma Ridge is very close to the gusher at Marathon Road. This translates into 2,000+ boepd from these two wells for one month.
Assuming a normal decline for the three months period, this means that about 1,600 ADDITIONAL Boepd (total average production for the quarter) can flow in Q3 2014 only from these two wells.