HOUSTON, TEXAS--(Marketwire - Dec 13, 2012) - Caza Oil & Gas, Inc. (CAZ.TO)(CAZA.L) ("Caza" or the "Company") announces that it has been notified that each of Randy Nickerson, Vice President, Exploration and Anthony Sam, Vice President, Operations, both executive management of the Company, purchased common shares of no par value in the Company ("Shares") on December 7, 2012.
Mr. Nickerson purchased 75,000 Shares at a price of 20.875 pence per Share and his resultant total shareholding in the Company is 75,000 Shares, representing approximately 0.046 percent of the fully issued Share capital of the Company.
Mr. Sam purchased 73,695 Shares at a price of 20.5884 pence per Share and his resultant total shareholding in the Company is 133,695 Shares, representing approximately 0.08 percent of the fully issued Share capital of the Company. In addition, Mr. Sam holds 2,425 shares in Caza Petroleum, Inc. ("CPI Shares"), a subsidiary of the Company, that may be exchanged under the Share Exchange Agreement for 6,790,000 Shares (an exchange ratio of 2,800 Shares for each CPI share). The CPI shares have no voting rights concerning the Company until such time as they are exchanged. A more detailed description of the Share Exchange Agreement can be found in the Company''s latest Annual Information Form on SEDAR at www.sedar.com or the Company website at www.cazapetro.com.
Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the following regions of the United States of America through its subsidiary, Caza Petroleum, Inc.: Permian Basin (West Texas and Southeast New Mexico) and Texas and Louisiana Gulf Coast (on-shore).