Caza Awaits Arrival of Rig at Arran Prospect
Caza has been advised by its drilling contractor Nabors Drilling USA, that the Nabors Rig 4 is continuing operations at its current location longer than anticipated. Site preparations are now substantially complete and Caza is ready to receive the Nabors Rig 4 immediately following its release. Caza will update the market when the Marian Baker #1 well spuds, which is now expected in mid January.
Caza has a 25% working interest before casing point and a 35.94% working interest after casing point in the Marian Baker #1 well with an approximate net revenue interest of 26.24%.