Caza Oil & Gas (CAZA:AIM results encourage, broker upgrades
The small Group reported revenues of $0.90m (2011: $1.00m), with a post-tax loss of $(2.20m) (2011: $(3.02m)). The Company had cash of US$12.78m as at 30th September 2012.
Its hardly a big producer but during the period production was an average of 244boepd againts 238boepd for the comparable period with the Copperline success due to materially increase production.
The house broker has commented that at current levels, Caza is trading at a substantial discount…
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