The
US-focused
explorer
agreed
to
divest
the
block,
which
included
the
Caza
Elkins
3401
and
Caza
Elkins
3402
wells,
for
$6.1
million.
The
divestiture
is
expected
to
be
completed
by
the
end
of
the
month.
“This
sale
has
permitted
Caza
to
realise
the
increased
value
created
at
San
Jacinto,
which
will
be
utilised
in
more
favourable
investment
opportunities,”
Caza
chief
executive
W
Michael
Ford
said.
He
added
the
company
intended
to
build
on
the
success
of
its
Bradley
29
prospect
in
Eddy
County,
New
Mexico,
which
was
currently
flowing
back
hydrocarbons
and
frac
fluids…
