ZaZa Energy Corporation, an independent oil and gas company, focuses on the exploration and development of unconventional oil and gas assets in the United States. The company’s principal properties include the Eaglebine Trend comprising approximately 44,000 net acres and a non-operated interest in 7.2 net wells located in Madison, Grimes, Walker, Trinity, and Montgomery counties, East Texas; and Eagle Ford Trend consisting of approximately 20,000 net acres and operated and non-operated interests in 3.1 net wells, primarily situated in DeWitt and Lavaca counties, South Texas. As of December 31, 2013, it had interests in approximately 64,000 net acres with proved reserves of approximately 687 ...
1301 McKinney Street
Houston, TX 77010
ZaZa Energy Regains Compliance With NASDAQ Listing Standards
Sep 8 14
ZaZa Energy Corporation announced that it received a letter from the NASDAQ Stock Market (NASDAQ) on September 5, 2014 advising that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company to maintain a minimum closing bid price of $1.00 per share. NASDAQ made this determination of compliance after the Company's bid price closed above $1.00 per share for 10 consecutive business days following the Company's reverse stock split.
ZaZa Energy Corporation Amends Restated Certificate of Incorporation
Aug 25 14
On August 19, 2014, ZaZa Energy Corporation filed a Certificate of Amendment to the company's Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of the company's common stock at a ratio of one-for-ten. The Certificate of Amendment provides that the Reverse Stock Split became effective as on August 19, 2014, at which time every ten (10) shares of the company's issued and outstanding common stock were automatically combined into one (1) issued and outstanding share of the company's common stock, without any change in the par value per share. The Certificate of Amendment provides that in the event a stockholder would otherwise be entitled to a fraction of a share, such stockholder shall receive one whole share of common stock in lieu of such fractional share and no fractional shares shall be issued.
ZaZa Energy Corporation Announces Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 13 14
ZaZa Energy Corporation announced earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $3.7 million, as compared to $2.4 million for the comparable 2013 period. Operating loss of $6.7 million as compared to $104.8 million for the three months ended June 30, 2013. Net loss from continuing operations was $9.2 million and $58.7 million for the three months ended June 30, 2014 and June 30, 2013, respectively. Net loss of $9.2 million as compared to $58.1 million, or a loss per basic and diluted share of $0.09 and $0.57 for the three months ended June 30, 2014 and June 30, 2013, respectively.
For the six months, the company reported total revenues of $6.8 million, an increase of 31% as compared to $5.2 million reported for the comparable 2013 period. Net loss of $10.6 million as compared to $61.0 million, or a loss per basic and diluted share of $0.10 and $0.59 for the six months ended June 30, 2014 and June 30, 2013, respectively.
For the quarter, the company reported production of Oil of 27,753 Bbls, Gas of 118,153 Mcf, and Equivalents of 63,477 BOE compared to production of Oil of 20,124 Bbls, Gas of 39,797 Mcf, and Equivalents of 30,304 BOE reported a year ago.
For the six months, the company reported production of Oil of 49,704 Bbls, Gas of 271,441 Mcf, and Equivalents of 121,431 BOE compared to production of Oil of 43,960 Bbls, Gas of 76,918 Mcf, and Equivalents of 64,667 BOE reported a year ago.