Profile: ZaZa Energy Corp (ZAZA.O)
20 Dec 2013
ZaZa Energy Corporation is a holding company for Toreador Resources Corporation (Toreador) and ZaZa Energy LLC (ZaZa LLC). On February 21, 2012, the Company consummated the combination of Toreador Resources Corporation and ZaZa Energy LLC. ZaZa LLC was a privately-held independent exploration and production company focused on the exploration and development of unconventional onshore oil and gas resources in the United States of America. Toreador was engaged in the exploration and production of crude oil with interests in developed and undeveloped oil properties in the Paris Basin, France. In July 2013, the Company sold its remaining properties located in Fayette, Gonzalez and Lavaca Counties, Texas, which the Company refers to as its Moulton properties (Moulton) in the Eagle Ford, to a subsidiary of Sanchez Energy Corporation.
As of December 31, 2011, ZaZa LLC had accumulated lease acreage through a joint venture with Hess Corporation of approximately 121,000 gross acres (approximately 12,100 net acres), and had also accumulated approximately 82,000 gross acres (approximately 60,000 net acres) in the Eaglebine formation. As of December 31, 2011, Toreador operated solely in the Paris Basin, which covers approximately 170,000 square kilometers of northeastern France. At December 31, 2011, Toreador held interests in approximately 997,000 gross exploration acres. During the year ended December 31, 2011, the Toreador's production averaged approximately 854 barrel of oil ( Bbl)/day.
ZaZa Energy Corp
Suite 2850, 1301 McKinney St
HOUSTON TX 77010-3117