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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Caza Oil & Gas | LSE:CAZA | London | Ordinary Share | CA1498011024 | COM NPV (CDI) |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 0.31 | GBX |
Caza Oil & Gas (CAZA) Share Charts1 Year Caza Oil & Gas Chart |
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1 Month Caza Oil & Gas Chart |
Intraday Caza Oil & Gas Chart |
Date | Time | Title | Posts |
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26/11/2016 | 10:18 | CAZA THE BONE SPRING | 13,345 |
04/4/2016 | 13:48 | CAZA Permian Basin | 6,627 |
22/7/2014 | 15:38 | Zak Mir says to SPECULATIVE BUY in Caza Oil & Gas (CAZA) | 1 |
03/7/2014 | 08:01 | Malcolm Graham-Wood, bullish on Caza Oil & Gas Inc live on TIPTV | - |
27/5/2014 | 09:39 | CAZA - An Oil King in the making | 605 |
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Top Posts |
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Posted at 26/11/2016 10:18 by tur43 Here's an interesting interview about what's next for the oil price - this analyst is basically predicting a $40 to $50 price for the foreseeable future |
Posted at 10/2/2016 22:21 by fo77y Balbains, you're not alone. I also lost everything in caza. Decided to go against everything I had learnt over the years investing and instead of investing, gambled, big time and lost.Caza had actually turned a huge corner, had (have) some great assets unfortunately for caza, and more so me, timing is everything. Cue the biggest oil crash in years, and way to deep in debtThe funny thing is I knew this and continued to watch the share price decline and yet, against the facts, I kept telling myself it will eventually come good so didn't sell when I should have until the writing was on the wall. Nobody to blame but myself but a harsh lesson learned.Btw, the most ironic part of this lesson was that the company I sold out of to fund my caza 'adventure', went from 35p to 2.80gbp in the same timeframe Oh well......... lol (hysterical) |
Posted at 24/12/2015 07:04 by oilbuy December 24, 2015CAZA OIL & GAS ANNOUNCES CLOSING OFUS$45.5 million EQUITY FINANCINGWITH Talara OPPORTUNITIES V, LPAND DEBT RESTRUCTURINGHOUSTON |
Posted at 18/12/2015 09:02 by swrxf06 17/12/2015 5:25pmUK Regulatory (RNS & others) Caza Oil & Gas (LSE:CAZA) Intraday Stock Chart Today : Friday 18 December 2015 Click Here for more Caza Oil & Gas Charts.TIDMCAZA RNS Number : 4883J Caza Oil & Gas, Inc. 17 December 2015 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES December 17, 2015 BOARD AND MANAGEMENT SHARE ARRANGEMENTS HOUSTON, TEXAS (Marketwire - December 17, 2015) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) confirms that, as contemplated by the announcement (the "Prior Announcement") on December 15, 2015 of a US$45.5 million equity financing with Talara Opportunities V, LP ("Talara") and debt restructuring, certain members of management of the Company and of the board of directors of the Company entered into conditional arrangements on December 15, 2015 to exchange all of their exchangeable shares of Caza Petroleum, Inc., a majority-owned subsidiary of the Company, for an aggregate of 26,502,000 Common Shares (the "Exchange") and to purchase from Talara an aggregate of 176,863,889 Common Shares at an effective price of approximately US$0.0048 per share (the "Management Acquisition" and, together with the Exchange, the "Management Arrangements"). All Management Arrangements have been entered into on the terms described in the Prior Announcement without modification and there are no changes to the proposed transactions (collectively, the "Transactions") between Caza and Talara as described in the Prior Announcement. Readers are directed to the Prior Announcement for further information regarding such arrangements. Completion of all Management Arrangements remains subject to satisfaction or waiver of the conditions pertaining to Talara's equity investment of US$45.5 million, including the approval of the Toronto Stock Exchange. As outlined in the Prior Announcement, the number of Common Shares to be acquired pursuant to the Management Arrangements, and the resultant holdings of the relevant individuals is set out in the following table: Name Common Shares Common Shares Common Shares Total Common currently to be acquired to be acquired Shares held held pursuant pursuant to the Management to the Exchange Acquisition ----------------- -------------- ------------------- ----------------- ------------- W. Michael Ford 575,968 62,422,549 6,790,000 69,788,517 ----------------- -------------- ------------------- ----------------- ------------- James Markgraf 344,019 10,403,758 840,000 11,587,777 ----------------- -------------- ------------------- ----------------- ------------- Rich Albro 303,848 10,403,758 5,292,000 15,999,606 ----------------- -------------- ------------------- ----------------- ------------- Tony Sam 437,543 62,422,549 6,790,000 69,650,092 ----------------- -------------- ------------------- ----------------- ------------- Randy Nickerson 469,833 31,211,275 - 31,681,108 ----------------- -------------- ------------------- ----------------- ------------- John McGoldrick 312,500 - 6,790,000 7,102,500 ----------------- -------------- ------------------- ----------------- ------------- |
Posted at 01/12/2015 10:53 by pavey ark Yes it looks like Caza shareholders are living the ancient Chinese curse " may you live in interesting times"Not sure the oil price is the big issues here as any investor must realise that without a low oil price they wouldn't be getting the deal they are getting (if a deal is done). With a cash injection and given its assets ,infrastructure and low cost base the "new" Caza could ride out any downturn. The main question is if there is anything left for existing shareholders in the "new" Caza ? Obviously there is some doubt and the market cap is now under $1m but that also means that any deal that is not a wipeout for current investors would result in a very sharp increase in the share price. Again ......you pays your money..... |
Posted at 19/11/2015 07:06 by 1628386 Interesting response DT and very logical in today's AIM market.SHAWZIE... YA conversion price was 0.46p and the current sell price is about 0.32p so they'd make a big loss if they sold today. YA don't like making a loss so that why it's interesting. Even more interesting is that they gave notice to convert on 3rd November (when the share price was already well below the 0.46p conversion price) ... So why issue the conversion notice? I can't imaging YA saying, "Hey guys, CAZA share price today (3rd November) is 0.30p and we can issue a conversion notice today at a price of 0.46p. Let's convert the maximum permitted to ensure we make the largest loss possible?" NB The conversion price is determined by 92.5% of the average price (volume weighted) in the 10 preceding days before the conversion notice. So why did they convert? Only conclusion is they expect to make a profit, so expecting to exit above 0.46p along the lines of DT's conclusion I guess. The issue date of the shares is next Monday, and the deadline for the forbearance agreement is one week after that ... so there the window of opportunity |
Posted at 02/11/2015 13:26 by 1628386 Hi BuffyIf a new investor comes in, there needs to be an agreed 'subscription price' That may be above or below the current SP A recent example was RRL where the subscription price was 45% higher than the suspended share price at the time. My thoughts on CAZA are that the share price on 30/9/15 was around 1.6p (the closing price before the 1/10/15 announcement) I am hoping that if a deal is to be done, they may use a subscription price around 1 - 1.6p This would still constitute significant dilution as the existing equity was worth say $5m at 1.5p and so new shares to the value of $50m being issued would cause significant dilution. Having said all of this, the market consensus clearly disagrees with me as the price has been pushed down .... but since when have I gone with the market consensus when buying or selling? ;-) |
Posted at 02/11/2015 13:24 by mark10101 Buffy, it is all down to a what level of share price they lend against. If it was at 1p for instance it would be good news for share holders and result in a 300% rise. If it is at 0.1 then the share price has further to fall.Management own enough to to make a punt on a better outcome than current share price. I am no longer in CAZA nor to I have any funds left for a punt given how the last year has panned out..... |
Posted at 01/10/2015 06:33 by htrocka2 October 1, 2015Caza Oil & Gas, Inc. CAZA OIL & GAS UPDATES ON FINANCING DISCUSSIONS HOUSTON, TEXAS (Marketwire - October 1, 2015) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ) (AIM:CAZA) hereby provides an update regarding the status of its debt facilities with Apollo Investment Corporation ("Apollo"), an investment fund managed by Apollo Investment Management, as well as related financing discussions. As previously disclosed, the Company entered into a Note Purchase Agreement (the "Note Agreement") dated May 23, 2013 with Apollo, pursuant to which Apollo agreed to purchase from the Company up to US$50,000,000 of its senior secured notes. As reported in the announcement of its unaudited financial results for the three months ended June 30, 2015 (the "Q2-2015 Results"), the outstanding balance of the Apollo facility as at June 30, 2015 was US$45,000,000, which is also the current outstanding balance as at September 30, 2015. Throughout the period of the Note Agreement, the Company has been required to comply with certain financial covenants, which are tested quarterly, and to maintain a limit on expenditures for general and administrative costs. As previously disclosed, most recently in the Q2-2015 Results, the Company was not fully in compliance with its financial covenants at June 30, 2015 and December 31, 2014 and, in February 2015, the Company and Apollo executed a Third Amendment to the Note Purchase Agreement pursuant to which Apollo provided a waiver of the relevant financial covenants until September 30, 2015. On September 30, 2015, the Company and Apollo executed a Forbearance and Reservation of Rights Agreement (the "Forbearance Agreement"), pursuant to which Apollo agreed, subject to certain customary limitations and conditions, to forbear from exercising certain of its rights and remedies under the Note Agreement with respect to the Company's breach of certain financial and other covenants until October 31, 2015, subject to earlier termination as described below. Consistent with the Company's previously-stated strategy and in view of the limited period of forbearance granted pursuant to the Forbearance Agreement, Caza's objective remains to conclude a financing or a complete refinancing structure that might enable the Company to retire the Apollo facility, together with sums owed pursuant to the Convertible Loan Agreement entered into between Caza and YA Global Master SPV Ltd. ("Yorkville"), an investment fund managed by Yorkville Advisors Global, LP, and also provide sufficient additional capital to continue developing its Bone Spring assets. Accordingly, the Company and its advisers have been actively considering all available debt and equity financing options, as well as asset sales. In the Q2-2015 Results, Caza confirmed that it had recently narrowed its focus and was in advanced negotiations with a proposed financing partner to establish a funding structure. Those negotiations have continued to progress, and currently the Company is in advanced discussions with that counterparty regarding a potential equity financing of the Company (and in connection with such discussions, the Company has agreed to a short period of exclusivity with such counterparty) (the "Potential Transaction"). The proposed terms of the Potential Transaction are subject to, among other things, continued negotiation, a due diligence period, board approval, and the entry of the parties into definitive agreements. Given the number of conditions to the consummation of the Potential Transaction, there can be no certainty that the Potential Transaction will be concluded on acceptable terms. Furthermore, although the Company has had the continued support of Apollo during the course of these discussions, there can be no certainty that the Potential Transaction will close or that Apollo will continue to grant ongoing forbearance. The Forbearance Agreement provides that if Apollo determines in its sole discretion that the Company and its operating subsidiary are not diligently pursuing a transaction substantially similar to the Potential Transaction during the forbearance period, Apollo may, by three days' advance written notice, shorten the forbearance period so that it ends on the latter of October 15, 2015 or the third day after such notice is delivered. If the Potential Transaction is consummated, it is likely to take the form of an equity investment in the Company which, given the current oil and gas commodity pricing environment, is likely to subject the Company's existing shareholders to significant dilution. Further announcements will be made as appropriate. About Caza Caza is engaged |
Posted at 29/9/2015 20:20 by red rook Rep. McCarthy: Lift oil export banHouse Majority Leader Kevin McCarthy, who wants to be the next House speaker, tells CNBC he expects the US oil export ban will be lifted within a month. IMO if Caza can hang on for another 6 - 12 months the general market sentiment could shift for the better. It will be interesting to see what happens at the next OPEC meeting in early December. However, it would help matters if M.Ford would communicate with shareholders. I don't think he has ever grasped the fact that part of the job of an AIM listed CEO is to communicate with his shareholders. It is just not sufficient to dump a quarterly RNA and go into silent mode. A CEO has to be able to put over the company's vision and potential to the wider market. This has to be a regular and on going process since the market has a very short attention span. This could be through media interviews and conference presentations. How about regular Q&A sessions posted on the Caza website? I have noted other CEOs are not averse to this, so why not M.Ford. It would also help to minimize misinformation which naturally occurs in a media vacuum. On this BB Pavey Ark, BROOKIE as well as others, make a valiant effort to highlight positive new information which impacts Caza and its potential, BUT this would have much more impact coming from FORD and is the kind of information that he should be circulating. Granted he has no control over the price of WTI. But how about being more pro-active such as making a statement regarding BOD pay? Again it would send out a positive message if they reduced G&A expenses by reducing BOD pay, or at least receive their pay in shares at a significant premium to the current share price. IMO there should be a discussion here, and on other boards, about the possibility of setting up a Caza Investor Group. Individual shareholders e-mailing the BOD have little or no effect. However, if an Investor Group could garner around 5-10% then M.Ford and the BOD would have to pay attention to shareholder concerns, and Caza would be better for it. Until then we must wait patiently for M.Ford to come down from his mountain top and inform us about what has been happening with our company. |
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