13 Dec 2012 07:00
December 13, 2012
Caza Oil & Gas, Inc.
CAZA OIL & GAS ANNOUNCES DIRECTOR AND OFFICER
SHARE DEALINGS
HOUSTON, TEXAS (Marketwire - December 13, 2012) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) announces that the Company has granted on December 4, 2012, a total of 5,660,000 share options (the "Share Options") to certain directors, officers and employees under the Caza share option plan. The Share Options have been granted to directors and officers as follows:
Director/Officer | Number of Caza Share Options granted | Number of Caza Share Options previously held | Number of Caza Share Options held following the option grant
|
John McGoldrick (Chairman) | 300,000 | 1,200,000 | 1,500,000 |
W. Michael Ford (CEO, President) | 650,000 | 1,350,000 | 2,000,000 |
Russell Porter (Non-Executive) | 300,000 | 900,000 | 1,200,000 |
Cornelius Dupre' (Non-Executive) | 300,000 | 900,000 | 1,200,000 |
David McManus (Non-Executive) | 300,000 | 500,000 | 800,000 |
Randy Nickerson (VP Exploration) | 750,000 | 1,000,000 | 1,750,000 |
Anthony Sam (VP Operations) | 500,000 | 1,250,000 | 1,750,000 |
Richard Albro (VP Land) | 500,000 | 1,250,000 | 1,750,000 |
James Markgraf (VP, Chief Financial Officer) | 500,000 | 1,225,000 | 1,725,000 |
In addition to the Share Options granted to directors and officers, a further 3,810,000 Share Options have been granted to certain employees of Caza.
The Share Options will vest in tranches of one-third of the grant each year over the first three years from the date of grant and may be exercised at any time from December 4, 2013 until December 4, 2022 at an exercise price equivalent to 17.6 pence per option. Following the grant of the Share Options, the total number of options outstanding over ordinary shares in the Company is 16,900,000, which represents 10.3% of Caza's current issued share capital.
About Caza
Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the following regions of the United States of America through its subsidiary, Caza Petroleum, Inc.: Permian Basin (West Texas and Southeast New Mexico) and Texas and Louisiana Gulf Coast (on-shore).
For further information, please contact:
Caza Oil & Gas, Inc.
Michael Ford, CEO +1 432 682 7424
John McGoldrick, Chairman +65 9731 7471 (Singapore)
Cenkos Securities plc
Jon Fitzpatrick +44 20 7397 8900 (London)
Neil McDonald +44 131 220 6939 (Edinburgh)
VSA Capital Limited
Andrew Raca +44 20 3005 5004
Malcolm Graham-Wood +44 20 3005 5012
M:Communications
Patrick d'Ancona +44 20 7920 2330
Chris McMahon