Caza chairman John McGoldrick told Proactive Investors: "One of the great things about Texas and Louisiana is that a lot of wells have got multi-pay ? they have oil and gas at different levels.
Tying into the local pipeline should be a relatively simple job, McGoldrick added.
"This is one of the beauties of dealing in Texas and Louisiana, there is pipeline capacity in most places."
"Personally I?m very excited about this one (Arran). It is a terrific prospect," the Caza chairman said.