GREY:CAZFF - Post by User
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Puffertimeon Nov 12, 2014 8:38am
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News
News November 12, 2014 02:00 ET
Caza Oil & Gas Announces Sizeable Farmin Opportunity
HOUSTON, TEXAS--(Marketwired - Nov. 12, 2014) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) is pleased to 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"), the NYSE-listed independent oil and gas company engaged in the exploration for and production of oil and natural gas primarily in Texas, New Mexico and Louisiana, to jointly develop CWEI's 14,738 leased net acres in Reeves County, Texas (the "Farmout Area"), subject to the terms of the Agreement.