Carrizo -5.2% AH on news of 3.75M-share offering, Q3 earnings

|About: Carrizo Oil & Gas, Inc. (CRZO)|By:, SA News Editor

Carrizo Oil & Gas (CRZO) -5.2% AH after announcing a public offering of 3.75M shares of common stock.

CRZO plans to use the proceeds to fund its increased capital expenditure plan that takes into account its recently completed Utica Shale acreage acquisition, the second half of the 2013 development of its expanded position in the Utica Shale, the accelerated fracking of a portion of its existing inventory of Eagle Ford wells and for other general corporate purposes.

Also: Q3 earnings.