Last $0.56 USD
Change Today +0.0036 / 0.65%
Volume 204.2K
ZAZA On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

zaza energy corp (ZAZA) Key Developments

ZaZa Energy Corporation Reports Audited Consolidated Earnings and Production Results for the Year Ended December 31, 2013

ZaZa Energy Corporation reported audited consolidated earnings and production results for the year ended December 31, 2013. For the period, the company's total revenues and other income was $8,874,000 against $205,152,000 a year ago. Operating loss was $106,381,000 against income of $74,270,000 a year ago. Loss from continuing operations before income taxes was $97,448,000 against income of $28,864,000 a year ago. Loss from continuing operations was $64,463,000 or $0.62 diluted per share against $54,056,000 or $0.58 diluted per share a year ago. Net loss was $67,565,000 or $0.65 diluted per share against $106,227,000 or $1.11 diluted per share a year ago. The modest year-over-year decrease is primarily related to a decrease in production due to the loss of revenues of $5.1 million from the transfer of 4,490 net acres in South Texas to Hess pursuant to the Hess settlement. For the period, the company's production was 131,262 BOE against 124,634 BOE a year ago.

ZaZa Energy Corporation Auditor Raises 'Going Concern' Doubt

ZaZa Energy Corporation filed its 10-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

ZaZa Energy Corporation Announces Receipt of NASDAQ Notice of Bid Price Deficiency

ZaZa Energy Corporation announced that on March 18, 2014, the Company received a letter from NASDAQ Stock Market LLC ("NASDAQ") indicating that it is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2) which requires listed securities to maintain a minimum bid price of $1.00 per share. The Company has options available to ensure continued listing on the NASDAQ, and management and the Board of Directors are evaluating the most optimal path forward. As of yesterday, the ZAZA share price was $0.78, and the Company will actively monitor the bid price for its common stock. According to the letter from NASDAQ, ZaZa has been given a grace period of six months (180 calendar days), beginning March 18, 2014 to regain compliance with the minimum bid price requirement. ZaZa can regain compliance if, at any time before this period ends, the bid price of its common stock closes at or above $1.00 per share for a minimum of ten consecutive business days. If ZaZa cannot demonstrate compliance by the end of this grace period, the Company may then be eligible for an additional six month (180 calendar days) period to regain compliance if it meets the NASDAQ Capital Market's initial listing standards with the exception of the minimum bid price requirement. During the initial 180 calendar day period (and potential, additional 180 day calendar period) ZaZa's common stock will continue to trade on the NASDAQ Capital Market under the symbol "ZAZA". Therefore, the NASDAQ Staff Deficiency Letter has no immediate impact on the listing of the common stock of ZAZA.

ZaZa Energy Corporation to Report Q4, 2013 Results on Mar 31, 2014

ZaZa Energy Corporation announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Mar 31, 2014

ZaZa Energy Corporation, Q4 2013 Earnings Call, Apr 01, 2014

ZaZa Energy Corporation, Q4 2013 Earnings Call, Apr 01, 2014

 

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Industry Analysis

ZAZA

Industry Average

Valuation ZAZA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.6x
Price/Book NM Not Meaningful
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
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