Caza Oil & Gas Inc. (Toronto: CAZ.TO) has begun drilling on its Lennox Prospect in Lea County, N.M.

The Lennox State Unit 32 No. 2H horizontal well is the initial test well at Lennox. The well will be drilled to a total vertical depth of 11,850 feet with a total measured depth of 14,740 feet. The primary target is the Bone Spring Sands with potential secondary targets in the Delaware, Lower Brushy Canyon, Avalon shale and Wolfcamp.

After selling an additional 7.5% working interest on a promoted basis and trading ...