Caza said that the permanent production facilities are in place, and the OB Ranch #1 well on the Bongo prospect has been placed on production.
Initial production rates through the permanent facilities are approximately 2.48 million cubic feet of natural gas per day, 400 barrels of oil per day and 190 barrels of water per day in total.
The well is producing on a 9/64th choke at 6,100 pounds per square inch flowing tubing pressure and still has approximately 750 barrels of fracture fluid to recover.
The production rates are being closely monitored, according to the company.
Caza has acquired an additional 2.0% working interest from an internal partner increasing its working interest to 45.28%.
