ZAZA ZaZa Energy Corporation (CE)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 7, 2014

 

 

ZaZa Energy Corporation

(Exact name of registrant as specified in its charter)

 

 

 

 

(713) 595-1900

(Registrant’s telephone number, including area code)

 

NOT APPLICABLE

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 7.01 Regulation FD Disclosure

 

On August 7, 2014 we issued a press release announcing the results of our East Texas JV McAdams Cattle Company 1H horizontal well in Walker County, Texas.  A copy of this press release is attached as Exhibit 99.1 and incorporated herein by reference.

 

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.		Description
99.1*		Press Release dated August 7, 2014 announcing East Texas JV well results.

 

*	Furnished herewith

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 7, 2014

 

ZaZa Energy Corporation
By:	/s/ Todd A. Brooks
	Todd A. Brooks
	President and Chief Executive Officer

 

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EXHIBIT INDEX

 

Exhibit No.		Description
99.1*		Press Release dated August 7, 2014 announcing East Texas JV well results.

 

*	Furnished herewith

 

Exhibit 99.1

 

		1301 MCKINNEY STREET SUITE 2800 HOUSTON, TX 77010

NEWS RELEASE

 

ZAZA ENERGY ANNOUNCES EAST TEXAS JV WELL COMPLETION

 

HOUSTON, TX (August 7, 2014) ZaZa Energy Corporation (“ZaZa” or the “Company”) (NASDAQ:ZAZA) today announced the completion of its East Texas JV McAdams Cattle Company 1H horizontal well (“McAdams 1H”) in Walker County, Texas. The well has achieved 24-hour peak production of approximately 1,786 boe/d (with NGLs) and 1,249 boe/d (without NGLs), which includes 459 b/d of 49 API oil, 4,740 mcf/d of natural gas, and 569 NGL b/d.

 

Over the first two weeks of continuous flow back, average production was approximately 1,087 boe/d (with NGLs) and 768 boe/d (without NGLs), consisting of about 300 b/d oil, 2,812 mcf/d of natural gas, and 337 NGL b/d. Natural gas production has been flowing to sales via pipeline since July 16, 2014.  NGL amounts are estimated based on 1,260 mmbtu gas analysis, and the preceding results reflect a current gas processing recovery ceiling of 120 barrels per mmcf/d.  The well’s production is from perforations along the lateral at 11,415-16,250 feet.  Over this period, water production has averaged approximately 2,269 barrels per day.

 

President and CEO Todd A. Brooks stated, “While the McAdams 1H continues to cleanup with only 13% of fracturing load water recovered over the first two weeks, the well has flowed strongly on a 38/64ths choke.  After two weeks it was flowing with strong reservoir and bottom hole pressure — about 1,350 psi flowing tubing pressure and 3,350 psi casing pressure. This well was completed in the highly fractured Buda carbonate reservoir system, which has decades of historical production from conventional vertical hole completions and open-hole horizontal wells.  Due to the nature of this reservoir, ZaZa also expects to see substantial load water recovery of 80% or higher.  While the McAdams 1H’s initial performance highlights the benefits of advanced drilling and multi-stage completion technologies, these results are very preliminary, and ZaZa remains cautious about making any early EUR projections based on the initial data.  We look forward to providing further updates as material developments occur in our JV.”

 

About ZaZa Energy Corporation

 

Headquartered in Houston, Texas, ZaZa Energy Corporation is a publicly-traded exploration and production company with primary assets in the Eagle Ford and Eagle Ford East resource plays in Texas.  More information about the Company may be found at www.zazaenergy.com.

 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including without limitation, statements and projections regarding the Company’s future financial position, operations, performance, business strategy, returns, budgets, reserves, levels of production and costs, ability to raise additional capital or refinance indebtedness, statements regarding future commodity prices and statements regarding the plans and objectives of the Company’s management for future operations, are forward-looking statements.  The Company’s forward looking statements are typically preceded by, followed by or include words such as “will,” “may,” “could,” “would,” “should,” “likely,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “goal,” “project,” “plan,” “intend” and similar words or expressions.  The Company’s forward-looking statements are not guarantees of future performance and are only predictions and statements of the Company’s beliefs based on assumptions that may prove to be inaccurate.  Forward-looking statements involve known, unknown or currently unforeseen risks and uncertainties that may be outside of the Company’s control and may cause the Company’s actual results and future developments to differ materially from those projected in, and contemplated by, such forward-looking statements.  Risks, uncertainties and other factors that could cause the Company’s actual results to materially differ from the expectations reflected in the Company’s forward-looking statements include, without limitation, our former registered public accounting firm has expressed doubt about our ability to continue as a going concern; fluctuations in the prices for, and demand for, oil, natural gas and natural gas liquids; our substantial level of indebtedness; problems with our joint ventures or joint venture partners; our ability to raise necessary capital in the future; exploratory risks associated with new or emerging oil and gas formations; risks associated with

 

713-595-1900 (OFFICE)       ·    713-595-1919 (FAX)   ·    WWW.ZAZAENERGY.COM

 

 

drilling and operating wells; inaccuracies and limitations inherent in estimates of oil and gas reserves; our ability to replace oil and gas reserves and any other factors or risks listed in the reports and other filings that the Company has filed and may file with the Securities and Exchange Commission.  Any forward-looking statements made by the Company in this presentation and in other written and oral statements are based only on information currently available to the Company and speak only as of the date on which they are made.  The Company undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future developments or otherwise.

 

# # #

 

Source: ZaZa Energy Corporation

 

Paul F. Jansen, 713-595-1900

Chief Financial Officer

 

or

 

Jay Morakis, 212-266-0191
Investor Relations
jmorakis@mgroupsc.com

 

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