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ZaZa Reports Losses, but Maintains Eagle Ford Growth

ZaZa Energy 2Q13 Operational Update
Eagle Ford Total Production:
Gas: 39797 Mcf Oil: 23672 Bbls Equivalent: 30305 BOEEagle Ford Strategy
"The strategy we initiated during the negotiations of our Division of Assets Agreement with our former joint venture partner was to obtain as much value as possible. This was achieved by negotiating for an $84 million cash payment and by negotiating for maximum value through acreage assignment, which we could strategically monetize over time. ZaZa’s plan and focus have been constant since that negotiation: reduce our senior secured debt, rationalize and monetize our Eagle Ford assets, and develop and grow our production base and acreage block in the Eaglebine/Eagle Ford East. We continue to execute on and move forward with this plan. During…
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