Member Info for TexasGold

I too, await the London meeting. Then on to the 2nd quarter results in around mid August. I believe there's good value in Caza, however, the oil price is strangulating us. Will Mike Ford pull a rabbit out of the hat? Will Apollo throw us a lifeline? Anything is possible. Good luck to all holders, we'll need it.

Shale boom shows resilience as rigs rebound with oil under $60 http://t.co/IlgMQOuAEN Though, this may have not have any affect on Caza.

Caza Oil & Gas have producing assets in a desired and sought after area. The price of oil has recovered about 50% from its last results, so that should help with revenues. Caza is still decently hedged through 2016. Obviously Yorkville & Apollo are a bit of a downer for this company. I believe if oil prices continue as they are or decline, then a merger or take over will happen. I'm still invested and will await what management has to say over the next few weeks. I wish I was as relaxed as Michael Ford.

They're still trading under the value that they have in cash. Essentially giving all it's investments for free. Once sentiment returns in commodes this should go up to around 20-22p. Possibly even higher. I'm a long term holder and will continue to do so until the true value of Polo is realised.

December 2014 Caza made an Application for Permit to Drill (APD). This was approved on March 26, 2015. Permit Number: 201933. No well info was given or when it would commence, however that is the third (APD) this year. Caza currently has 23 (APD). To me this is positive going forward, now just awaiting the Finals.

FORGET RIG COUNT & OPEC, MEDIA BIAS IS DRIVING OIL DOWN. http://oilprice.com/Energy/Oil-Prices/Forget-Rig-Counts-And-OPEC-Media-Bias-Is-Driving-Oil-Down.html

Another decline in the Rig Count. Down by 49% now. http://www.businessinsider.com/baker-hughes-rig-count-march-20-2015-3 Also, our fourth quarter results should be out sometime next week and hopefully an operational update.

January 6th 2015.... Caza's Well Activity shows an Intention to Drill; Igloo 19 State #001H, #003H, #004H, #005H.... January 7th 2015.... Igloo 19 State #006H, #007H.... January 22nd 2015.... Igloo 19 State #008H... February 9th 2015... 2 (APD) approved. Bringing their total permits to drill new wells to 22... They currently have 15 active wells, one of which is Gas

Thanks for the link. I must admit, I didn't expect as big a Rig drop as that. I was thinking about 30, but it was an amazing 64. I'm still a bit perplexed at the apparently rising production rates. Anyhow, today the world has consumed another 94 million barrels of the black stuff.

Baker Hughes releasing the latest Oil Rig Data tomorrow, which I believe will show another decline in Drilling Rigs. Also, The OCD Permitting - Well List. Will be out on Sunday night or Monday morning. Hopefully it'll be continuing good news.

What I have noticed is, Caza has an (APD) Application for Permit to Drill approved on February 9th 2015. Actually, 2 Drilling Permits were Approved, but no well info was given or when they would start. But the fact that they have put the Application in, must be telling of their future intentions to Drill and that they have the Confidence and Resources to do this. Does anyone else have any thoughts on this.

From what I can see, The Marathon Road 15NC #001H was a development well to be drilled by Mewbourne Oil Co. This has been cancelled with no reason given. Caza only had a small interest in this well.

If they turned the taps off, I would estimate an annual return of $5,400,000.00 on the swaps. I'm not sure if that would cover administrative costs, plus the servicing of debt. In theory, a good idea until the Price of Oil recovers, but I just don't think it would be enough. Even if they just operated on the Hedged Oil & Gas, which would give us revenues of just under $14,000,000.00. .... I wouldn't mind a takeover offer, just to see what other companies would value us at, even just to firm up the share price.

The revenues I posted would just be on the hedged Oil & Gas and would not include the other unhedged production. So yeah, I would expect total revenues to come in at around 21-24 million US dollars and that's on the current oil price. If the oil price was to rise to $60-$70, I'd be looking at revenues of 24-30 million US dollars. So Caza should be able to afford any repayments on the loans and possibly 2-3 more drills. Though they could be holding off on drilling and potentially looking at adding acreage or maybe another more favourable farm in. But we'll not know until they tell us. Lol

If Caza did batten down the hatches and lived off the hedged Oil and Gas. Hedged Oil = $12,751,734.90 and Hedged Gas = $1,071,220.25. So revenues of $13,922,955.15 for 2015. They could easily ramp up and increase production on any price spikes to maximise returns. They could already be doing that. But I eagerly await Malcy's views on the Yorkville loan.

I totally agree. I know the Yorkville loan seems to be on better terms and I would assume that the management has a strategic plan for the use of this capital. The management has done very well over the years and I doubt they'll let us down now. But yeah, their untimely releasing of RNS's just seems so frustrating..... The good news. Last year, excluding December 2014. Caza produced 582,342 Mcf of Natural Gas and 377,385 Barrels of Oil. A massive increase on previous years.

Caza has 152,205 Barrels of Oil hedged throughout 2015 at 83.78, which is $12,751,734.90, plus the other 6,7 or 800 boepd, plus good gas production which is also well hedged. Their costs have come down. Caza should be really cash flow positive. So yes, why the YA loan. On the OCD permitting site I can't see any new drilling taking place, so are they planning a drill later on in the month or are they using the cash to add acreage. Caza's finals are out this month, with an operational update hopefully.

Description of the Notes Availability Period: Following the initial Advance, the Company may draw additional Advances up to US$30,000,000 until August 23, 2014, if at the time of the Advance the Company meets specified minimum production and drilling cost requirements for previous wells drilled under the program that were financed with funding from the Notes. In addition to these funds, the Company will have the ability to reinvest cash flow from program wells back into the drilling program. After the Company has exhausted the initial US$50,000,000 commitment under the Agreement, the Note Holder and the Company may agree to increase the commitment up to a maximum US$100,000,000. Term: Outstanding Notes mature and are payable on May 23, 2017. I believe Caza has taken $45,000,000.00 up to now.

Excluding shale and onshore North America, discoveries of Oil & Gas has declined for the fourth year in a row and is at at a 20 year low. Sorry if the article has been posted already. http://www.ft.com/cms/s/0/def8d8f4-b532-11e4-b186-00144feab7de.html

Thanks for the posts and links. So overall, that's a year-on-year total drop of 865 rigs. Surely the remaining rigs will also have a decline rate in their production. Include the global cut in capex and other major projects shelved and ones coming offline. I see light at the end of the tunnel and Caza in a decent position to take advantage. Any thoughts