CAZA regards Arran as one of the most significant of a new wave of prospects that have been identified during re-analysis of its vast 3D seismic data banks.
CAZA chairman John Mcgoldrick said the company had estimated something in the region of 250 billion cubic feet of gas plus liquids at Arran.
The new well will target a multi-segment prospect, with prospective reservoirs supported by AVO (amplitude versus offset) data within a proven play fairway. The well is expected to encounter multiple, potential, hydrocarbon bearing reservoir sections.
Arran has significant upside potential for Caza and affirms management's focus and commitment toward high-impact exploration activities in Texas and Louisiana.?
CAZA regards Arran as one of the most significant of a new wave...
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