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ZaZa Energy Corp (ZAZA.PK)

ZAZA.PK on OTC Markets Group

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29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

ZaZa Energy Corp announces closing of East Texas joint venture agreements with Quantum Energy Partners
Monday, 22 Sep 2014 07:00am EDT 

ZaZa Energy Corp:Closes purchase and sale agreement with affiliate of Quantum Energy Partners, which includes an east texas development agreement comprising Walker, Grimes, Madison, Trinity, and Houston counties.Says pursuant to terms of Quantum agreements, ZaZa will receive total consideration of about $17 million, which includes $11 million in cash that was paid to ZaZa on Sept. 18.Says in exchange, ZaZa has assigned to Quantum 6,000 net acres in undeveloped leases within ZaZa's Southern Development Area in East Texas.Says Quantum's interest is an undivided one, spread evenly across all of the leases in the 144,000-acre Southern Development Area.  Full Article

ZaZa Energy Corp announces East Texas JV agreements
Wednesday, 27 Aug 2014 07:00am EDT 

ZaZa Energy Corp:Says the company and an affiliate of Quantum Energy Partners entered into a purchase and sale agreement, which includes an East Texas Development Agreement comprising Walker, Grimes, Madison, Trinity, and Houston counties.Pursuant to the terms of the Quantum Agreements, ZaZa will receive $17 million of total consideration, consisting of both cash and ZaZa's right to receive Quantum's interest in the next 15 East Texas JV wells between the closing of the Quantum transaction and its second anniversary.ZaZa will assign to Quantum 6,000 net acres in undeveloped leases within ZaZa's East Texas JV.ZaZa retains its interest in all existing wells and the right to participate with respect to Quantum's working interest in the Reserved Wells.  Full Article