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March 12, 2014
08:05 EDTZAZAZaZa signs amendment to Joint Exploration Development agreement
ZaZa Energy announced that it has signed an amendment to its Joint Exploration and Development agreement with its current joint venture partner to further develop its Eaglebine/Lower Cretaceous assets in the Eagle Ford East. ZaZa will immediately assign to its joint venture partner a 75% working interest in all of the company’s remaining Phase III acreage. As consideration for this final Phase III acreage election, ZaZa will receive approximately $4.7M of upfront cash and a carry of the company’s share of future joint venture costs of up to approximately $9.2M. ZaZa received an additional $1.1M of cash from its partner related to the completion of the Range-ZaZa JV agreement. ZaZa’s JV partner also has committed to drill an additional two wells, with the first well commencing no later than July 1.
News For ZAZA From The Last 14 Days
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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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