Investor Presentation Todd A. Brooks President & CEO Ian H. Fay CFO November 29, 2012
Defined Terms Defined Reserves and Resource Terms bbl means barrel. boe means barrels of oil equivalent, determined using a ratio of 6 Mcf of raw natural gas to 1 bbl of condensate or crude oil, unless otherwise stated. There are no…
Introduction to ZaZa Energy Corporation (ZaZa Energy) Independent Oil & Gas Company Early mover in Eagle Ford and First Mover in Eaglebine Founded in 2009 with Less Than 2 million Merged with NASDAQ-Listed Toreador…
ZaZa Energy Leadership Transformation Founder of Neuhaus Investments, LLC, a company making strategic energy investments across Team has over 25 years Todd Brooks multiple geographic regions average experience (Founder, Executive…
ZaZa Energy Leadership Transformation (continued) Team has over 25 years Served as Drilling Group Lead for Encana Oil & Gas in the Deep Bossier and Haynesville Plays where average experience he presided over ramp up from 1 rig to 29…
ZaZa Energy - Corporation History December 2012 Expected first July 2012 Eaglebine well Early 2010 August 2011 February 2012 Exits Hess JV - November 2012 (Stingray A1-H) first Enters Eagle Ford Establishes Eaglebine gross…
Investment Highlights Eaglebine: 88,000 net acres; foundation asset in one of the fastest growing and most prolific US unconventional plays since the Eagle Ford. Appraising large contiguous block targeting the Lower Eaglebine. In…
Strategically Positioned in Liquids-Rich Areas Eaglebine Prospect The Eaglebine represents the area of East Texas where the Eagle Ford Shale Eaglebine Prospect transitions into the Eaglebine Woodbine Sands Lower Cretaceous…
Eaglebine Land Position Competitive Landscape Eaglebine Acreage by Operator 1st mover leasing strategy tied up large tracts early making it difficult for competitors to gain a foothold Acreage block is large, contiguous, and…
Eagle Ford & Eaglebine Cross Section Regional Cross Section The Eaglebine represents the area of East Texas where the Eagle Ford Shale transitions into the Woodbine Sands Upper and Lower Eaglebine target zones are 500 thick…
Eaglebine Type Log Anadarko Ribeye Unit 1 Volatile Oil Window Glen Rose Type Log Producer Anadarko Ribeye Unit Historical mudlogs across the area have significant oil and gas shows in both the Upper and Lower Eaglebine…
Lower Cretaceous Type Log Anadarko Lower Cretaceous Ribeye Unit 1 Type Log Glen Rose Anadarko Ribeye Historical mudlogs across Producer Unit the area have significant oil and gas shows throughout the Lower Cretaceous…
ZaZas Eaglebine Acreage is Well Positioned Eaglebine Prospect Activity Map 88,000 net acres ZaZa first Eaglebine production in December 2012 Crimson Energy Partners Jackie Robinson 4H Woodbine Two recent well IPs of 600+ IP600…
Eaglebine Area Marketing and Midstream Eaglebine Midstream Map Available Takeaway Capacity Copano, Energy Transfer (400 MMcf/d), Kinder Morgan, Navidad and Atmos Energy (200 MMcf/d) Pipelines willing to expand systems with…
Stingray A-1H First ZaZa-Operated Eaglebine Well Drilling Diagram Well Highlights Drilled pilot hole through the objective section (12,242 feet True Vertical Depth) with excellent shows, full suite of logs, and sidewall cores…
Stimulation Design of Stingray A1-H Initial Design 16 stages optimized using 2D and 3D stresses derived from vertical log and using horizontal gamma ray correlation Based on length of like stresses Range of 3-5 clusters and 60-80…
Illustrative Lower Eaglebine Economics Lower Eaglebine Highlights Well Head Volumes 989 Mboe Sales Volumes 1,272 Mboe Drill & Complete - 8 million per well ROR 96% Source: Drilling-Info, investor presentations and other…
Illustrative Lower Eaglebine Economics Assumed Type Well Economics WELL HEAD VOLUMES 989 MBOE Oil 432 MBO Gas 3,339 MMCF SALES VOLUMES 1,272 MBOE Oil 432 MBO Qi = 403 BO/D NGL 434 MBNGL Qi = 406 BNGL/D Gas 2,437 MMCF Qi = 2.3…
Illustrative Lower Cretaceous Economics Lower Cretaceous Highlights Vertical, comingled play Well Head Volumes 424 Mboe Sales Volumes 455 Mboe Drill & Complete - 5 million per well ROR 173% Source: Drilling-Info, investor…
Illustrative Lower Cretaceous Economics Assumed Type Well Economics WELL HEAD VOLUMES 424 MBOE Oil 275 MBO Gas 894 MMCF SALES VOLUMES 455 MBOE Oil 275 MBO Qi = 473 BO/D NGL 73 MBNGL Qi = 136 BNGL/D Gas 645 MMCF Qi = 1,209…
De-Risked Asset With Considerable Upside Moulton Prospect 11,500 net acres located in the proven area of the Volatile Oil Window in Gonzales and SOUTHERN BAY Fayette Counties (ZaZa Energy Interest) Ring A Unit 1H IP24: 738 BOEPD…
More Exploration to Unlock Value Sweet Home Prospect MAGNUM HUNTER Hawg Hunter 1H LEGEND 35,000 net acres located in IP24: 2,270 BOEPD ZaZa Acreage the Liquids Window in Lavaca Eagle Ford Wells and DeWitt Counties PENN VIRGINIA…
More Exploration to Unlock Value Sweet Home Prospect North South Eagle Ford Cross Section (Crabb Ranch to Edwards Shelf) Log analysis suggests positive comparison to other productive parts of the play ZaZa Boening pilot hole…
Divesting Non-core Assets Hackberry / Oakland Prospect 23,000 net acres located in the Gas Condensate Window in MISSION RES CORP Banks 1H Lavaca and Colorado Counties IP24: 454 BOEPD L. AUSTIN/U. EAGLE FORD Eastern extension of the…
Eagle Ford & Eaglebine Strategy, Opportunity & Optionality An influx of recent news Eaglebine - Core Asset with a Long-Term Vision: ZaZa amassed and maintained key highlights the increased acreage - first mover in the play; vision to…
Opportunistic Growth and Financial Strategy Maintain Appropriate Liquidity Capitalize on abundance of opportunities embedded in our existing asset base Focus Capital on Drilling Develop our existing strategic land position Pursue…
Financial Review
Capitalization & Liquidity Capitalization Table Cash Balance As of 9/30/2012 Actual Pro Forma - Convert Pro Forma - France Cash and Equivalents 24.6 59.8 78.6 Escrowed Cash - - 15.0 Senior Secured Notes 67.0 67.0 33.0 9%…
ZaZa/Hess Joint Venture Successful Exit & Refocused Vision Mutual Dissolution of Joint Venture Strategic shift in operational outlook on behalf of both Companies ZaZa to focus on Texas plays Significantly larger resource base and…
Income Statement Three Months Ended September 30, Nine Months Ended September 30, 2012 2011 2012 2011 (Unaudited) (Unaudited) (In thousands, except pe r share data) (In thous ands , except per share data) Revenues and other…
Volumes & Average Prices For the Three Months For the Nine Months Ended September 30, Ended September 30, 2012 2011 2012 2011 Production: Oil (Bbls): After the Hess separation United States 24,263 8,422 74,051 13,499 ZaZa…
Investment Summary Committed to Shareholder Value Established Position in the Eagle Ford Shale First Mover Advantage in Eaglebine Strong Management Team and Experienced Partner Plan for Rapid Production and Reserve Growth…