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 Reports Record 2012 Third Quarter Results

ZaZa Energy Corporation (“the Company” or “ZaZa”) (NASDAQ: ZAZA) today announced operational and financial results for its third quarter and nine- months ended September 30, 2012.

On February 21, 2012, following the successful consummation of a transaction under an Agreement and Plan of Merger and Contribution, ZaZa Energy Corporation became the parent company of ZaZa LLC and Toreador Resources Corporation. The results of operations noted within this release and in the Company’s Form 10-Q on file with the Securities and Exchange Commission (“SEC”) include the results of the Company’s accounting predecessor, ZaZa LLC from January 1, 2012 through February 20, 2012, and all of its subsidiaries, including ZaZa LLC and Toreador, since February 21, 2012. As such, all information for the comparable three and nine-month periods include pro forma results of operations as if the merger between ZaZa and Toreador has been completed at the beginning of each period presented.

“This marks our second quarter reporting pro forma results of the combined entity and should provide our shareholders with greater insight into our operations and financial performance,” stated Todd Brooks, Chief Executive Officer of ZaZa. “There has been a lot of positive activity during the quarter, and we have taken prudent steps to position ZaZa for the future. We enhanced our management and operating teams, successfully completed a debt offering which, along with other capital received from strategic transactions, has enhanced our capital position, and we took positive steps to increase our Eaglebine and Eagle Ford acreage. We believe the Company is well positioned to realize both top and bottom line improvements and enhance shareholder value both near and long-term.”

Third Quarter Financial Comparisons

The Company reported total revenues and other income for the third quarter ended September 30, 2012 of $207.2 million as compared to $4.4 million in the comparable year-ago period. This includes oil and gas revenues of $10.2 million and $0.8 million for the periods ended September 30, 2012, and September 30, 2011, respectively. Other income for the 2012 third quarter was $197.0 million and there was no other income realized in the comparable year-ago period.

1 of 7

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
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs