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Carrizo Enters $27.5 Million Niobrara JV

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October 25, 2012

Carrizo Oil & Gas Inc. (Nasdaq: CRZO) announced that it has entered into an agreement to form a new joint venture in the Niobrara play with Haimo Oil & Gas LLC, a subsidiary of Lanzhou Haimo Technologies Co. Ltd., a company formed under the laws of the people's republic of China.

Pursuant to the agreement, Haimo will acquire an undivided interest in approximately 6,000 net acres located primarily in Weld and Adams counties, Colo., along with associated infrastructure and production of approximately 185 BOE/d for an all-cash payment of $27.5 ...

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