This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

ZaZa Energy Reports Record 2012 Third Quarter Results

Stocks in this article: ZAZA

For the period from February 21, 2012 to September 30, 2012, Toreador contributed $19.7 million in revenue and a $62.9 million net loss.

Results of Operations

The table below relates to the Company’s corporate activities and oil and gas exploration and production operations in the United States and France.

   
For the Three Months Ended September 30, For the Nine Months Ended September 30,
2012   2011 2012   2011
Production:
Oil (Bbls):
United States 24,263 8,422 74,051 13,499
France   76,742  

-

  185,982   -
Total 101,005 8,422 260,033 13,499
 
Gas (Mcf):
United States 38,547 14,627 114,323 15,715
France   -   -   -   -
Total 38,547 14,627 114,323 15,715
 
BOE:
United States 30,688 10,860 93,104 16,118
France   76,742   -   185,982   -
Total 107,430 10,860 279,086 16,118
 
Average Price:
Oil ($/Bbl):
United States $ 86.61 $ 87.00 $ 95.15 $ 89.15
France $ 104.41 - $ 105.59 -
 
Gas($/Mcf):
United States $ 2.50 $ 4.64 $ 2.69 $ 4.68
 

The following table sets forth the Company’s interest in undeveloped acreage, developed acreage and productive well count as of September 30, 2012:

   
Acres Productive Wells
Undeveloped   Developed Gross   Net
Gross   Net Gross   Net Gas   Oil Gas   Oil
Eagle Ford:
Cotulla (1) 2,270 1,973 - - - - - -
Moulton (2) 11,432 8,699 2,924 2,924 - 7 - 1.6
Sweet Home (3) 36,679 34,858 - - - - - -
Hackberry (4) 23,334 20,761 1,324 1,324 2 - 2 -
Eaglebine 134,844 88,312 - - - - - -
Other Onshore U.S. 640 426 2,424 59 - 4 - 0.1
Paris Basin - - 24,260 24,260 - 133 - 133
 

The following table presents ZaZa’s production data for the referenced geographic areas for the period ended September 30, 2012:

 
For the Three Months Ended September 30, 2012
Gas   Oil   Equivalent
(Mcf) (Bbls) (BOE)
Eagle Ford:
Cotulla (1) 12,617 8,289 10,392
Moulton (2) 1,437 11,393 11,633
Sweet Home (3) - - -
Hackberry (4) 24,249 2,763 6,804
Eaglebine - - -
Other Onshore 244 1,819 1,859
Paris Basin - 76,742 76,742
Total 38,547 101,005 107,430
 

(1) As of July 24, 2012 we had an average working interest in the Cotulla properties of 9.75% and a net revenue interest of 7%. We did not retain any interests in the Cotulla properties after the Hess separation, although we retained undeveloped acres.

4 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs