Carrizo Oil & Gas Logs Pay in West Coffee Bay

Carrizo Oil & Gas has successfully drilled the LL&E #1 well in the West Coffee Bay Prospect in Lafourche Parish, Louisiana. The well and logged an estimated 40 feet of apparent net pay in the Coffee Bay sand. We are currently preparing to deepen the well, into another objective sand. Carrizo is the operator of the well and owns an approximate 47 percent working interest.

"The LL&E #1 is already a sizeable discovery with more potential in the next objective sand," commented S.P. Johnson IV, Carrizo's President and Chief Executive Officer. "This discovery is especially significant coming right after our recent equity offering which allowed us to keep a larger working interest in the well. We have also begun drilling a 14,000 foot well on our Delilah prospect in the same Coffee Bay project area in which we will earn a 60 percent working interest."