Thursday, 6 December 2012

Caza Oil & Gas turns a "milestone"

Mike Ford, CEO of Caza Oil & Gas (LON:CAZA TSX:CAZA), tells Proactiveinvestors that with the recent developments the company has turned a milestone and is now producing cash flow at around two to three times overhead. The four producing wells have now de-risked the project and it now enables the company to move onto another one hundred locations. Mike says that cash flow is 2-3 times the burn or overhead rate.

No comments:

Post a Comment