Caza Oil & Gas has a 12.5% carried working interest in the Lucky Penny well and a net revenue interest of 9.375%.
Other participants in the well include: Endeavour International Corporation with a 56.25% working interest and 42.1875% net revenue interest; and Wise Oil & Gas No. 8, Ltd. with a 31.25% working interest and 23.4375% net revenue interest.
Mike Ford, chief executive officer and president of the company, commented: “We are very pleased to have a discovery with our first well in the Abo/Wolfcamp horizontal oil play. We hope to report encouraging news regarding flow rate in due course.”
