"DJ Caza Oil & Gas, Inc. Operational Update TIDMCAZA RNS Number...

"DJ Caza Oil & Gas, Inc. Operational Update

TIDMCAZA

RNS Number : 3686D

Caza Oil & Gas, Inc.

22 March 2011

March 22, 2011

Caza Oil & Gas, Inc.

CAZA OIL & GAS PROVIDES AN OPERATIONAL UPDATE

ON ARRAN PROSPECT/MARIAN BAKER ?1 WELL

HOUSTON, TEXAS (Marketwire - March 22, 2011) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) has announced today that the Marian Baker ?1 well (the "Well") on the Arran prospect in Acadia Parish, Louisiana, was drilled to a total depth of 15,462 feet on March 20, 2011.

Caza has analyzed data collected from the Well. Although several sand sections exist throughout the wellbore, the log data indicates that the targeted Middle Frio section between 12,500-15,462 feet has extremely low porosity and permeability. The shallower sands in the Upper Frio sections between 9,600-12,200 feet, which produce in the immediate area from the Midland Field, appear to be wet at this location. However, based on log data, the Company has reason to evaluate these shallower sands for additional potential across its current acreage block. After determining that none of the sands are likely to be productive at commercial rates, the Company has sought approval from its partners in the Well to proceed with plug and abandonment procedures."