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Stock Market & Financial Investment News

News Breaks
February 7, 2014
08:04 EDTHES, ZAZAZaZa, 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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February 27, 2015
17:56 EDTHESHess Corp. files automatic mixed securities shelf
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February 25, 2015
07:09 EDTZAZAZaZa Energy updates on East Texas lower cretaceous operations
ZaZa Energy (ZAZA) announced 30-Day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas and the proposal of two new Buda-Rose vertical wells in its vicinity. The Colburn #3H has achieved 24-hour peak production of approximately 808 boe/d, with NGLs, which includes 70 b/d of 53 API oil, 2,860 mcf/d of natural gas, and 262 NGLs b/d. Over the first 30 days of production, average three-stream production for the Colburn #3H was approximately 585 boe/d, consisting of about 250 b/d of liquids and 2,021 mcf/d of natural gas. The Colburn #3H is operated by EOG Resources (EOG), with ZaZa holding a 25% working interest.

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