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ZaZa Energy Corp. Updates JV Agreement

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March 12, 2014

ZaZa Energy Corp. (NASDAQ: ZAZA) updated its joint exploration and development agreement with its joint venture (JV) partner, which is an independent domestic oil and natural gas developer, the company said March 12.

The JV agreement update will allow the company to further develop its Eaglebine/Lower Cretaceous assets in the Eagle Ford-East, ZaZa Energy added. 

The JV partner was given 75% working interest in this "Phase III" acreage, ZaZa said, noting that it received about $4.7 million--upfront cash and carry--of its own share of future JV costs.

The upfront cash ...

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