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Stock Market & Financial Investment News

News Breaks
February 7, 2014
08:04 EDTZAZA, HESZaZa, Hess announce early lender payment requirements have been completed
ZaZa Energy (ZAZA) provided updates on certain corporate events. The company has agreed with Hess (HESS) to an early release of $15M of the company’s money held in escrow. This release was part of a broader transaction that also included termination of the company’s overriding royalty interests in certain assets in the Paris Basin, France, Hess’s release of an interest in the company’s litigation against certain third parties and the payment of $3.5M of the escrowed funds to Hess. The remaining $11.5M was released to ZaZa, and these proceeds, combined with approximately $1.1M of cash on hand, were used to reduce the Senior Secured debt from $26.8M to $15M. All previously required early pay downs to the Senior Secured holders have now been completed.
News For ZAZA;HES From The Last 14 Days
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May 20, 2015
07:26 EDTHESUBS to hold a conference
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May 18, 2015
10:01 EDTHESOn The Fly: Analyst Downgrade Summary
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06:44 EDTHESHess Corp. downgraded to Neutral from Buy at Goldman
Goldman downgraded Hess to Neutral and lowered its price target to $68 from $80 based on reduced upside from lower oil/gas price forecasts.

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