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There's a good article in the Rig Zone. Says that the cut in shale production has been bigger and faster than anyone expected. They reckon it'll be May/June before it starts to come through, but that it could be steep and fast. Baker Hughes Rig count tomorrow as well. As many have highlighted here recently, Caza could just be positioning itself for better times ahead. http://www.rigzone.com/iPhone/news.asp

Yeah, but of that production. 490 Bbls/d were hedged in Q4-2014 @ 87.74..... 417 Bbls/d @ 83.78 for the rest of 2015 and 260 Bbls/d @ 80.46 for 2016. So some good hedging in place. So they should be profitable and bringing good cash in.

Caza sold its Wharton County gas fields in September 2014 for $1.6 million and used the money towards its Bone Spring play. They still have gas and it's well hedged into 2016 at good prices, but that wouldn't include future gas finds. But, I don't know, they could be focusing on gas or preparing to drill in the Bone Spring, maybe neither. Maybe just hoarding cash for when an opportunity arises. But we do need an update soon.

I agree with everything you and oogleflugal have said. We have a good management team and good staff. who themselves, I believe, have taken pay cuts to lower costs. So I think Caza could be in a stronger position than it's given credit for. But one things for sure, we need an RNS outlining their new strategy in this current climate. Come on Mike Ford, don't let us down.

Hi. I've read over CWEI articles and it does appear that it was Clayton Williams that pulled the plug. Caza offered to continue it on newer terms based on the current oil price. Obviously this was not taken up and both agreed to split without any penalties. I've guesstimated that Caza must be bringing in, at the least $60,000 us per day on its current production and hedges, though I believe this figure to be higher. So I think Caza could be deploying the capital elsewhere, at the benefit of the company and shareholders. Anyone have any other thoughts on this. Could we get a good RNS soon. Good luck to all.

The Company also reported the termination of a previously announced farmout and exploration agreement with Caza Oil and Gas, Inc. ("Caza") covering approximately 15,000 net undeveloped acres located along the western flank of the Company's acreage block in Reeves County, Texas. The agreement was terminated due to Caza's failure to commence drilling operations on the initial horizontal Wolfcamp well as required under the agreement. As a result, all of the farmout acreage will be retained by the Company. I honestly don't how to take this news. CWEI does not mention receiving any payments, which I thought they would have. Hopefully we get an operational update soon to see what Caza are doing and where we are headed.

A previous RNS stated they were only going to drill commitment wells, so they've terminated this agreement with CWEI, so are they just gonna sit back and let the money pile up from their existing operating wells, are they drilling any wells at the moment. Does anyone know. Thanks

http://www.telegraph.co.uk/finance/newsbysector/energy/11351126/Age-of-100-oil-will-return-as-energy-industry-cuts-too-deep.html

I agree, I don't think there'll be any takeover attempts any time soon. I think that'll be 18-24 months away or possibly longer. The management know what they're doing. Even with the Yorkvilke loan, they have enough experience with them and it's on better terms. Good luck all.

Clayton Williams Energy, Inc. (NYSE: CWEI), will hold its annual results conference call to discuss fourth quarter and year end 2014 results on Thursday, February 26, 2015 at 2:30 p.m. Eastern Time (1:30 p.m. Central Time). CWEI expects to issue the news release sometime before the market opens on Thursday, February 26, 2015.

That sounds about right. I have faith in the company and the management, but with the low oil price and now the Yorkville saga reacurring like a bad nightmare has given me the shivers. I just hope they're utilising the revenues and capital injection from Yorkville well. Good luck to all.

Year-on-year. America -461 rigs. Canada -272. International -61 rigs. All in, that's 800 less rigs pumping oil. Must have an impact sooner or later.

You called it right. Caza rises 27.59% on the TSX, then management puts in the "poison pill". Sigh!!!!

I agree with your post and hope you're right, even it it takes couple of years. I'm fully invested in Caza till the end. But with the lower oil price I'm just a bit more nervous than normal. Good luck to all of us!

Yep, Caza has updated their website with the TSX price up 27.59%. Though, I believe Caza is still well under valued. I'm not sure if we'll see Malcy's .50p any time soon, but surely a buy out price would be in the region of 25-35 pence per share.

Would love us to get that tomorrow.

I would believe that the 32 million market cap is taken from The Toronto Stock Exchange and listed in Canadaian Dollars

So I hope this holds and bodes well for tomorrow. Gonna be a long and bumpy ride. Good luck all.

Good company doing all the right things, though the massive oil price drop has shaken me to the core. 3 months ago, I'd of bet the house, today however, I nervously hold. I still believe in caza and that the price of oil will recover, just gonna be a longer wait.

I concur with the article you posted and hope we can secure funding and continue to move forward. All the best.