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ZaZa Eyes Two Buda 'Stack and Frac' Wells; Ups Reserves
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ZaZa Energy Corporation provided a reserves and operations update on the Company's activities in the Eagle Ford East, where it has approximately 140,000 gross (35,000 net) acres within an Area of Mutual Interest (AMI) with EOG Resources. The Company's estimated reserves, including the estimated probable and possible reserves, were prepared by its independent reservoir engineering firm, Cawley, Gillespie & Associates, Inc.
Highlights: Mid-year 2015 proved reserves increased by 487% to 5.9 MMBOE from year-end 2014 Proved developed reserves increased by 46% to 1.0 MMBOE Pre-tax PV10 of proved reserves increased by 238% to $48.8 million 3P reserves of 21.5 MMBOE with 270 drilling locations Operations UpdateAs previously disclosed, pursuant to the terms of the Company's East Texas Joint…
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