 Southeast
Texas Areas We have 977 square miles of 3-D data over our Southeast
Texas project area which is focused primarily on the Frio.Yegua, Cook Mountain
andVicksburg formations. We expect to devote approximately $1 1.0 million and
drill ten wells (5.2 net) in this area in 2006. We have 28 leased exploratory
drillsites, none of which are dependent on success of the other wells. An additional
four prospects have been seismically mapped on which we are currently pursuing
acreage.
 East
Texas The East Texas area encompasses multiple objectives, including
theWilcox and Cotton Valley intervals. We are focused on the Camp Hill Field,
a Wilcox steam flood project in Anderson County, and the Tortuga Grande Prospect,
a Rodessa /Travis Peak opportunity. We have licenses for over 503 square miles
of 3-D seismic data in the East Texas area and 4,558 net acres under lease.
We expect to invest $5.1 million to drill 35 to 40 (35 to 40 net) wells in this
region in 2006.  Louisiana
We have acquired licenses for 1,957 square miles of 3-D
data and approximately 6,979 net acres of leasehold. We expect to devote approximately
$1 1.9 million to drill seven wells (3.4 net) in this area in 2006. We
have leased 13 exploratory drillsites none of which are dependent on the success
of the other wells. Carrizo is currently pursuing acreage on an additional 18
seismically defined prospects.G | 
