CRZO looking good

[dan_s]

I almost dropped CRZO from the Sweet 16 because it has so much gas. However, they convinced me that they were transitioning quickly to a liquids company. Note that oil revenues are now 74% of total revenues and that will continue to move higher. - Dan

CARRIZO OIL & GAS, INC. ANNOUNCES RECORD PRODUCTION, REVENUE, AND EBITDA IN FIRST QUARTER 2012 FINANCIAL RESULTS, INCLUDING RECORD OIL PRODUCTION AND OIL REVENUE
HOUSTON, May 8, 2012 - Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced the Company’s record financial results for the first quarter of 2012, which included the following highlights:
Results for the first quarter of 2012--
• Record Oil Production of 5,945 Bbls/d, an increase of 91% from the fourth quarter of 2011
• Record Gas and NGL production of 116,687 Mcfe/d
• Record Total Production of 13.9 Bcfe, or 152,358 Mcfe/d, (equivalently 2.3 MMBOE, or 25,393 BOE/d) an increase of 16% from the fourth quarter of 2011
• Record Revenue of $80.7 million, or adjusted revenue of $91.7 million, including the impact of realized hedges
• Record Oil Revenue of $59.4 million, or 74% of total revenue
• Net Income of $9.4 million, or Adjusted Net Income, (as defined below) of $18.0 million
• Record EBITDA, (as defined below) of $70.2 million