This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ZaZa Energy Announces Comprehensive Eaglebine And Eagle Ford Drilling Operations

“Today, the Eaglebine play is one of the most exciting, emerging, liquids-rich resource plays in the country, and the data we have in-house supports this sentiment. As the first mover in the Eaglebine play, ZaZa holds what it believes to be some of the Eaglebine’s most promising and untapped acreage. We have amassed a dominant, nearly contiguous land position of ~90,000 net acres located in the thickest part of the play. Although early drilling in this area has initially proved challenging for some operators, ZaZa has overcome these obstacles through new drilling processes and technological innovation developed by its experienced operations team, a team with a collective knowledge-base derived from successfully drilling over 7,500 horizontal wells. As a result of these new processes and innovations, ZaZa now has the ability to control and further develop these assets and unlock both short and long-term value. All of our data indicates high productive potential and we are now focused on making the Eaglebine our core, foundation asset,” Mr. Brooks continued.

The Company also disclosed today that upon establishing production in the Eaglebine, it expects to further its negotiations and move towards the execution of a substantive joint venture agreement for its Eaglebine acreage. Additionally, based on production results and initial appraisal data in the Company’s Sweet Home Black Hawk Field Extension play, ZaZa will continue its asset prioritization process beyond the Paris Basin and will allocate resources consistent with a highest and best value creation philosophy.

Eagle Ford Boening Well Delineating Sweet Home / Black Hawk Field Extension Project Area

Having completed the drilling of the Stingray A-1H well, ZaZa has moved the same rig to DeWitt County and has begun drilling a 5,000 to 6,700-foot, in-zone lateral section in its Boening A-1H well, which has encountered 200 feet of Eagle Ford shale in the wet gas window of the Eagle Ford play, where adjacent drilling results to-date have been excellent. The Boening A-1H pilot hole has already been drilled, logged, and whole-cored. Initial Production is anticipated mid December. With the completion and production results from the Boening well, ZaZa can further appraise and prioritize its ~34,800 net acres in the Sweet Home Eagle Ford Prospect.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs