| Carrizo Oil & Gas, Inc. | |||
| Ticker: | CRZO | 14811 St. Mary's Lane, Suite 148 | |
| Exchange: | NASDAQ-National Market | Houston, TX 77079 | |
| Industry: | Natural Resources (SIC Code 1311) | (281) 496-1352 | |
| Type of Shares: | Common Shares | Filing Date: | 6/13/97 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 8/5/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $30,000,000 | Selling: | $0.45 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 10,000,000 |
| Manager | Tier | Phone |
| Schroder Wertheim & Company, Incorporated | Lead Manager | (212) 492-6900 |
| Jefferies & Company Incorporated | Co-manager | (212) 903-2342 |
| Issuer's Law Firm: | Baker & Botts |
| Bank's Law Firm: | Vinson & Elkins |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $5.20 | $1.85 | $0.79 | Assets: | $23.91 |
| Net Income: | $0.70 | $0.46 | $0.14 | Curr Assets: | |
| EPS: | $0.09 | $0.06 | Liabilities: | $18.50 | |
| Prior EPS: | $1.84 | $0.49 | Curr Liabilities: | ||
| Cash Flow/Oper: | $3.33 | Equity: | $5.41 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an independent oil and gas company engaged in the exploration, development, exploitation and production of natural gas and crude oil. The company�s operations are focused along the Gulf Coast, along Texas and Louisiana. The company is an independent oil and gas company engaged in the exploration, development, exploitation and production of natural gas and crude oil. The company's operations are currently focused onshore in proven oil and gas producing trends along the Gulf Coast, primarily in Texas and Louisiana in the Frio, Wilcox and Vicksburg trends. The company believes that the availability of economic onshore 3-D seismic surveys has fundamentally changed the risk profile of oil and gas exploration in these regions. Recognizing this change, the company has aggressively sought to control significant prospective acreage blocks for targeted, proprietary, 3-D seismic surveys. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to accelerate the company's exploration and development program, to repay indebtedness and for general corporate purposes, including funding the acquisition of additional acreage and 3-D seismic data. |