Caza Oil & Gas Inc. CAZFF

RE:CAZA: IP-30 rate is 1,173 boepd in West Copperline

[ROIcrusader]

I absolutely understand what I read, however, in defense of my hard earned dollars I'm always curious to know if there is an angle or weakness I have missed.

I see blue sky with this stock, and have accumulated my full position. The company can execute and bring product to market, no doubt.

Here's my only concern:
4H - The initial 28 day average for this well was 1,173 Boe/d gross, which consisted of 922 bbls of oil and 1.5 MMcf of natural gas per day. 

then consider that the above production number is included in the entire battery's production:

The West Copperline 29 Fed #1H and #2H wells are producing from the 2nd Bone Spring Sand, and the West Copperline 29 Fed #3H and #4H wells are producing from the 3rd Bone Spring Sand. The West Copperline battery has averaged 1,532 Boe/d gross from all four wells, which consists of 1,238 bbls of oil and 1.8 MMcf of natural gas per day during the month of August 2014.

1532-1173 = 379 would be the production from the other 3 wells on the battery for August.

I'm investigating to protect myself and my capital. Maybe if someone would have given me the money I'd be more flippant about it, but I earned it, and I'd rather keep it and make it grow.

Perhaps someone could clarify battery vs well production?

GLTA