Investor Presentation December 31, 2013 Nasdaq: ZAZA
ZaZa Energy Overview CONSOLIDATING A DOMINANT POSITION IN THE EAGLEBINE High concentration of liquidrich assets in the Eaglebine and Eagle Ford trends 110,000 acre presence within the Eaglebine and Lower Cretaceous window 7,600…
Capital & Ownership Structure MODEST LEVERAGE & CONCENTRATED OWNERSHIP Capitalization Table Ownership Statistics ( in millions) Pro Forma 1 9/30/2013 Cash and Cash Equivalents 22.9 27.5% Restricted Cash Other 0.5 Restricted…
Recent Milestones POSITIONED FOR RAPID VALUE CREATION Secured a first mover advantage in the Eaglebine/Eagle Ford East play Consummated joint venture agreement with a large independent operator to develop Eaglebine/Eagle Ford East…
Quality of Core Asset Eaglebine Overview WORLDCLASS UNCONVENTIONAL ASSET Technical evaluation of Regional Cross Section (Flattened on Base of Austin Chalk) the juncture between the organic and carbonate rich Eagle Ford group and…
Eaglebine/Eagle Ford East Development Targets EVALUATING MULTIPLE PRODUCTIVE FORMATIONS Key 0 GR [GAPI] (CTR) 300 0.2 RT90 [ohmm] 0.45 2000 0.45 NPHI [CFCF] DPHI [%] -0.15 -0.15 20 TOTAL_GASES 20000 Vertical Options…
Sweet Home Overview EAGLE FORD SHALE PROPERTIES Joint Venture Terms Sweet Home Prospect Overview Sabine Oil & Gas LLC (Sabine) and ZaZa entered into a +200 thick Eagle Ford pay section with 8% porosity in 75/25 joint venture for the…
Vision to Deliver Extraordinary Results PROVEN BUSINESS MODEL & EXPERIENCED TEAM Business Model Initial Appraisal Regional geologic evaluation Depositional model, subsurface analysis, 3D seismic Hydrocarbon system, maturity,…
Reservoir Evaluation ACHIEVING FIRST MOVER ADVANTAGE ZaZa drilled and completed 28 proofofconcept wells from 20112012 Cut and analyzed over 2,000 of conventional core Recovered over 800 rotary sidewall cores Tested a number of…
Appraisal to ProofofConcept Phase TECHNICAL CAPABILITIES Depositional Model Thickness, Depth, and Pressure Maturity/TOC/XRD Core Calibrated Petrophysics Mineral Composition and Fracability Eaglebine/Eagle Ford Evaluation…
2014 Strategic Plan ENTERING GROWTH PHASE NOW Eaglebine / Eagle Ford East Joint Venture Continue to test and evaluate the play Increase acreage and production Obtain independent resource valuation Other Growth Opportunities…
Assets Nasdaq: ZAZA 13
Core Asset Eaglebine/Eagle Ford East Eaglebine represents the Woodbine Sand/Silt Play area of East Texas where the Higher sand content Eagle Ford Shale transitions into the Woodbine Sands Core Asset Eaglebine/Eagle Ford Play…
Amended Eaglebine/Eagle Ford East JV Terms To satisfy obligation of the third well under Phase I from the original agreement, ZaZa receives 1.5 million cash and 1.5 million cash value carry on vertical well(s) Preliminary Partner…
Eaglebine/Eagle Ford East JV Overview ZaZa Receives 17.8MM Net Cash plus Production Interests in 23 Wells (17MM PDP PV) Net Cash to ZaZa Production Interests to ZaZa Phase II Carry Value to ZaZa 1 PDP Present Phase I 1.5 Working…
JV Eaglebine/Eagle Ford East Acreage 37,600 net acres to ZaZa (includes 100% remaining former Phase III acreage) ZaZa first Eaglebine test in February 2012 Recent well IPs of 600+ Boe/d support ZaZas technical view ZaZa…
Why Invest in ZaZa Nasdaq: ZAZA 18
Investment Thesis COMMITTED TO MAXIMIZING SHAREHOLDER VALUE Poised for rapid production and reserve growth Attractive well economics Material position with first mover advantage in the Eaglebine/Eagle Ford East Strong…
Recent Eaglebine/Eagle Ford East Completions DRILLING PACE INCREASING RAPIDLY Active Drillers Anadarko EOG Resources Apache Geosouthern Burk Royalty Halcon Cabot Navidad Resources Centex Energy Sequitur Contango Oil & Gas SM…
Eaglebine/Eagle Ford East is Now Emerging SIGNIFICANT INVESTMENT ACTIVITY Small and large E&P companies are investing significant capital, technology and expertise in the Eaglebine/Eagle Ford East play Major Eaglebine Producers 1…
Illustrative Lower Eaglebine & Lower Cretaceous (BudaRose) Economics ATTRACTIVE WELL ECONOMICS Assumed Type Well Economics Lower Lower Eaglebine Cretaceous Wellhead Volumes Gas (MMcf) 3,339 856 Oil (MBbls) 432 107 Total (Mboe)…
Illustrative Lower Eaglebine Economics ATTRACTIVE WELL ECONOMICS Lower Eaglebine Highlights Well Head Volumes 989 Mboe Sales Volumes 1,060 Mboe Drill & Complete 10 million per well Lower Eaglebine Type Curve 100,000 Gas,…
Illustrative Lower Cretaceous (BudaRose) Economics ATTRACTIVE WELL ECONOMICS Lower Cretaceous Highlights Vertical, comingled play Well Head Volumes 250 Mboe Sales Volumes 200 Mboe Drill & Complete 3.5 million per well Lower…
Eaglebine/Eagle Ford East Competitive Landscape MATERIAL POSITION Eaglebine Acreage by Operator Source: Company investor presentations and other publicly available information. 1st mover leasing strategy tied up large tracts…
Proven Management Team SIGNIFICANT EXPERIENCE Founded ZaZa Energy, LLC in 2009. Led company into multiple scaled drilling and development JVs in Todd Brooks the Eagle Ford and Eaglebine. Took ZaZa public via reverse merger in early…
Appendix Nasdaq: ZAZA 27
Pro Forma Financial Summary Capitalization Table ( in millions) Actual Eaglebine Pro Forma 9/30/2013 Joint Venture 9/30/2013 Cash and Cash Equivalents 6.6 16.3 22.9 Restricted Cash Other 0.5 0.5 Restricted Cash Escrow 15.0 15.0…
Marketing Advantage Eaglebine Midstream Map Light Louisiana Sweet Atmos crude pricing offers premium relative to WTI (4.50 per Bbl) Gas prices benefit from favorable BTU/GPM content and proximity to Houstonarea…
Eagle Ford Eaglebine Trend Key Points Shale play trends across Texas from the Mexican border up into East Texas, roughly 50 miles wide and 400 miles long with an average thickness of 250 It is Cretaceous in age resting…
Upper Cretaceous Shales Transition of Play Types Woodbine Group Woodbine Group Eagle Ford Group Boquillas Tuscaloosa Group Tuscaloosa Eaglebine Marine 200 miles Eagle Ford 322 Kilometers Source: Drilling-Info,…
Eagle Ford and Eaglebine Areas Offer Multiple Stacked Targets Eaglebine / Eagle Ford Regional Cross Section (Flattened on Base of Austin Chalk) East Area Woodbine sand/silt horizontal play kicked off activity in the Eaglebine in…
XRD Comparison of Shales Key Points Analysis of Eaglebine vertical sections in several historical wells Eaglebine / Good TOC concentrations Eagle Ford East throughout section: 2% 9% Tuscaloosa Good silica concentrations…