Caza Oil & Gas (TSE:CAZ) (AIM:CAZA) announced it has successfully drilled the Matthys-McMillan Gas Unit #2 development well in the Wharton West Wilcox Field in Texas.
The drilling reached a depth of 15,000 feet and found "multiple gas bearing sands."
Caza holds a 19.61 percent working interest in the well and a 14.32 percent net revenue interest.
Operations for completion and testing are already happening, and the company said it should be finished in about 30 days.
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