Currently, the company is drilling the Caza 158 #2 well, which will be drilled to a total depth of about 11,100ft to test the Spraberry, Wolfcamp, Penn and Atoka formations.
The Windham prospect covers about 1,318 net acres and will initially be developed on 80-acre spacing.
The Caza 158 #1 and Caza 162 #1 wells encountered multiple pay zones, and both wells are currently in the completion phase, which requires multiple fracture stimulations.
The company currently has a 25% working interest and a corresponding 18.75% net revenue interest in all three wells.
Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the Texas Gulf Coast (onshore), south Louisiana, southeast New Mexico and the Permian Basin of West Texas.
