Caza Oil & Gas Inc. (TSX:CAZ) announced that drilling has begun at its Forehand Ranch prospect, which is located in New Mexico. The well will be drilled to a total measured depth of about 11,929 feet. Caza also provided an update on its operations.
As quoted in the press release:
The primary target is the 2nd Bone Spring Sand at a vertical depth of approximately 7,450 feet subsurface with potential secondary targets in the Delaware, Lower Brushy Canyon, Avalon Shale, 1st and 3rd Bone Spring Sands and Wolfcamp.
Caza has a 54.83% working interest before pay-out (42.02% net revenue interest) and a 63.00% working interest after pay-out (48.27% net revenue interest) in the Forehand Ranch 27 State Com No. 1H well.