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News Breaks
February 25, 2013
06:38 EDTCRZOCarrizo Oil & Gas reports 2012 reserve value of $1.4B
Carrizo Oil & Gas announced 2012 U.S. proved reserves of 115.1 MMboe, including record proved oil reserves of 39.1 MMbbls, a 58% increase year on year, and record PV-10 proved reserves value of $1.4B, a 64% increase year on year, and record 2012 production of 9.4 MMboe, a 26% increase year on year, including Q4 production above guidance for both oil and gas. All comparisons of 2012 to the prior year are based on 2011 proved reserves of 95.9 MMboe, which are adjusted to exclude 53.8 MMboe of reserves, 97% natural gas, associated with 2012 U.S. property sales. 2012 U.S. Proved Reserves, Production and Reserve Replacement 2012 proved reserves in the U.S., as determined by the Company's third-party reserve engineers, were 115.1 MMboe, an increase of 20% from year-end 2011, and are comprised of 39.1 MMbbls of oil, a 58% increase over 2011, 5.4 MMboe of NGLs, a 71% increase over 2011, and 423.7 Bcf of natural gas, a 4% increase over 2011.
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October 9, 2014
08:49 EDTCRZOCarrizo Oil & Gas sell-off creates buying opportunity, says Sterne Agee
After meeting with Carizo's management and following a 30% decline in the stock since June 30, Sterne Agee is comfortable that the company can hit its informal 26 mb/d target for 2015 oil production, assuming crude bottoms above $80 per barrel. The firm says that the company has attractive oil hedges and a strong balance sheet.

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