What phases of drilling and/or production are currently underway at the site?
Carrizo is currently involved in two simultaneous phases of production within the pad site. Six wells were completed in November 2008 and are in the Production Phase. In January 2009, a new Drilling Phase began at the site. In March 2010, the drilling of 16 additional wells was successfully completed, and the drilling rig was removed from the site. Those wells move into the Completion Phase beginning the week of March 15, 2010. This phase includes fracture stimulating, or “fracing.” Fracing will be accomplished in two stages. Carrizo estimates that stage one of will take place from mid-March through the third week in April 2010. Stage two is expected to take place mid-May through the second week in July 2010.
