Exploration & Production | Drilling & Completions | Deals - Acquisition, Mergers, Divestitures
ZaZa Preps for Eaglebine Spud; Details French Asset Sale
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ZaZa Energy Corporation has reported operational updates related to its core properties in the Eaglebine and Eagle Ford regions in Texas.
The Company also provided further details on its proposed sale of its French assets and confirmed that it remains on track for a closing in December 2012.
Eaglebine and Lower Cretaceous UpdateZaZa owns and operates approximately 88,000 net acres in the Eaglebine, one of the fastest growing and most prolific oil and gas plays in the U.S. ZaZa’s acreage block is located in the highly organic and thickest area of the basin. The Company has begun development in the Lower Eaglebine and is exploring development scenarios associated with its Upper Eaglebine resource potential. Additionally, the Lower Cretaceous section sits below the Upper and Lower Eaglebine…
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