Last Thursday, Caza Oil & Gas (CAZA.L) announced the result of the first development well at the Bone Spring well at the non-operated Marathon Road property and the initial test well on the operated East Marathon Road Property. The 3rd Bone Spring development well has been dug to an approximate depth of 15,625 feet. The production rates under the controlled flowback for the 15OB-1H has improved to 1,928 barrels of oil equivalent (bbloe) in 24 hours, comprising of 1,698 barrels (bbls) of oil and 1.38 million cubic feet (mcf) of gas. Further, data from the 1st and 2nd Bone Spring Sand intervals have also indicated the presence of oil and natural gas. The next horizontal 3rd Bone Spring well is scheduled to commence drilling operations from Q1 2015.