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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.