Energy Prospectus

Carrizo Oil & Gas, Inc. Announces Strong Fourth Quarter and Year End Results, Including Record Oil Production for the Quarter and Record Crude Oil ReservesTue February 25, 2014 6:30 AM|GlobeNewswire | About: CRZO HOUSTON, Feb. 25, 2014 (GLOBE NEWSWIRE) -- Carrizo Oil & Gas, Inc. (CRZO) today announced the Company's financial results for the fourth quarter of 2013, proved oil and gas reserves for year-end 2013 and provided an operational update, which included the following highlights:

•Record Oil Production of 13,033 Bbls/d, 44% above the fourth quarter of 2012

•Oil Revenue of $110.2 million, representing 85% of total revenue, and 36% above the fourth quarter of 2012

•Net Loss from continuing operations of $22.2 million, or $0.52 per diluted share, and Adjusted Net Income (as defined below) of $17.0 million, or $0.39 per diluted share

•Adjusted EBITDA (as defined below) of $101.2 million, 8% above the fourth quarter of 2012

•Delivered 485% reserve replacement from all sources at a drill-bit F&D cost of $10.93 per Boe

•Reiterating 2014 crude oil production growth target of 50%

complete report here--

http://seekingalpha.com/pr/9065523-carr ... body&app=n

Solid Q4 results and bright future for this one. It is high on my list for promotion to the Sweet 16.

I am up to my gills in work right now, but I hope to update the CRZO forecast model tonight.

This why CRZO is up:
> Delivered 485% reserve replacement from all sources at a drill-bit F&D cost of $10.93 per Boe
> Reiterating 2014 crude oil production growth target of 50%

Carrizo Oil & Gas (CRZO): An updated Net Income & Cash Flow Forecast model has been posted under the Watch List Tab.

My Fair Value Estimate has been increased $9.00/share to $64.50/share. Primarily due to their increase percentage of crude oil production in 2014.

First Call's Price Target is $54.94, but that should be going up as analysts update their forecast models.