Caza Oil & Gas Announces Another Strong Result on 2nd Bone Spring Well at West Copperline

HOUSTON, TEXAS--(Marketwired - April 17, 2014) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) is pleased to announce another strong result with the West Copperline 29 Fed #2H 2^nd Bone Spring development well on the West Copperline Property in Lea County, New Mexico. The Company previously drilled and is producing the West Copperline 29 Fed #1H and #3H wells, which are producing from the 2^nd and 3^rd Bone Spring Sand intervals respectively.

The West Copperline 29 Fed #2H horizontal Bone Spring development well reached the intended total measured depth of approximately 15,000 feet in the 2^nd Bone Spring Sand interval and was subsequently fracture stimulated beginning on March 27, 2014. Under controlled flowback the producing rates have remained steady, and the well produced at a rate of approximately 1,177 barrels (bbls) of oil and 1,133 thousand cubic feet of natural gas, which equates to 1,366 bbls of oil equivalent on April 12, 2014. The well was producing on a 34/64ths adjustable choke at 1,000 pounds per square inch flowing tubing pressure.

In addition to production from the 2^nd Bone Spring Sand interval, log data was also obtained across the Brushy Canyon, Avalon Shale and 1^st Bone Spring Sand intervals in the well. The data indicates the presence of oil and natural gas across each of these intervals, which is favorable for future development across the unit.

Caza currently has a 62.5% working interest (approximate 46.94% net revenue interest) in the well.

Additionally, the non-operated Marathon Road 15 PA Fed #1H 3^rd Bone Spring well has averaged 1,665 barrels (bbls) of oil and 1,594 thousand cubic feet of natural gas, which equates to 1,913 bbls of oil equivalent per day from March 16, 2014 to April 16, 2014. This is the first well on a 600 acre drilling unit, and the operator intends to drill several more wells during the course of this year.

Caza currently has a 14.7% working interest (approximate 12.5% net revenue interest) in the well.

W. Michael Ford, Chief Executive Officer commented:

"We are very pleased with this exceptional result at West Copperline. The West Copperline 29 Fed #2H well is a direct offset to our West Copperline 29 Fed #1H well. Both wells are producing from the 2^nd Bone Spring Sand interval. This is the third significant well producing on the West Copperline Property, and we plan to commence drilling operations on the fourth, the West Copperline 29 Fed #4H well within the next couple of weeks."