CAZA.L Regulatory News (CAZA)

9 Apr 2008 07:01

Caza Oil & Gas, Inc.09 April 2008 April 8, 2008 CAZA OIL & GAS, INC. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) Cornelius Dupre II appointed as a Non-Executive Director Change to the date of the Annual General Meeting HOUSTON, TEXAS (April 8, 2008) Caza is delighted to announce that yesterday itappointed Mr Cornelius Dupre II as a non-executive director of Caza. Mr Dupre, aged 56, has extensive experience in the oil services business. He wasthe Founder, Chairman and Chief Executive Officer of the Dupre Companies, agroup of oilfield service companies. In 1999 the Dupre Companies merged withNational Oilwell, Inc. and Mr Dupre became Senior Vice-President, Sales &Marketing, of National Oilwell, Inc. where he served until May 2004. Mr Dupre currently holds 312,500 common shares of the Company ("Common Shares"),amounting to 0.45% of the issued share capital of the Company. Pursuant to theCompany's Option Plan, on his appointment as a non-executive director of Caza MrDupre was granted options over 500,000 Common Shares at an exercise price ofCdn$0.60 (approximately 30 pence) per Common Share, which was the closing priceof the Common Shares on the Toronto Stock Exchange on April, 7 2008. Theoptions will vest as to 33-1/3% on the first anniversary of the date ofgrant and as to 33-1/3% on each subsequent anniversary of the date of thegrant and will be exercisable until April 6, 2018. Mr Dupre's appointment is subject to the approval of the Toronto Stock Exchange. Commenting on the appointment, John McGoldrick, Executive Chairman of Caza said: "I am delighted that Cornelius has agreed to join the Board of Caza. Corneliusis very well known within the oil and gas industry and his business acumen,experience and knowledge will be of immense value to Caza as we continue to growour business." Change to date of the AGM: The Board of Directors announces that it has re-scheduled the Company's AGMwhich will now be held at 10.00am on May 27, 2008 at the Woodlands WaterwayMarriott, located at 1601 Lake Robbins Drive, The Woodlands, Texas. About Caza: Caza is engaged in the acquisition, exploration, development and production ofhydrocarbons in the Texas Gulf Coast (on-shore), south Louisiana, southeast NewMexico and the Permian Basin of West Texas regions of the United States ofAmerica through its subsidiary, Caza Petroleum, Inc. For further information contact: FOR FURTHER INFORMATION PLEASE CONTACT: Caza Oil & Gas, Inc.John McGoldrickExecutive Chairman+1 281 363 4442Website: www.cazapetro.com OR Noble & Company LimitedNick Naylor / Jamie BoydNominated Adviser+44 (0) 20 7763 2200 OR Aquila Financial Ltd.Peter ReillyFinancial Public Relations Advisers+44 (0)118 979 4100 Additional information: In accordance with Schedule 2(g) of the AIM Rules, the following information inrelation to the appointment of Mr Cornelius Dupre II as a director of Caza isdisclosed: Current partnerships:KSW Oilfield Rental, LPDolphin Compactors and Equipment, Inc.Dolphin Energy Equipment, Inc.Foundation Energy Company, LLCVenture Transport, LLCDupre Interests, LLC Save for the information disclosed above and for certain partnershipparticipations which are held for investment purposes only, there is no otherinformation falling to be disclosed under Schedule 2(g) of the AIM Rules inrelation to the appointment of Mr Dupre as a director of Caza. This information is provided by RNS The company news service from the London Stock Exchange