13 Aug 2014quarterly activities report▼ Bad
ZaZa Energy Corp reported quarterly revenue of $3.7 million and a net loss of $9.2 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2014quarterly activities report▼ Bad
ZaZa Energy Corp reported quarterly revenue of $3.7 million and a net loss of $9.2 million for the period ended 2014-06-30.
7 Aug 2014drilling progress report▲ Good
ZaZa announced the first results from the McAdams 1H well in Walker County, drilled in the East Texas JV. The well peaked at about 1,786 barrels of oil equivalent a day including natural gas liquids. Its first two weeks averaged about 1,087 a day. Management called the results very preliminary and said it was cautious about estimating how much the well will ultimately produce. This is the first reported result from the EOG-operated East Texas drilling the company had committed to.
21 July 2014securities registration● Neutral
ZaZa Energy Corp filed a prospectus supplement for an offering off its existing shelf.
21 July 2014material agreement● NeutralMajor
ZaZa agreed to sell 6,024,097 new shares at $0.83 each, plus warrants for 3,614,459 shares at $1.1205, to Crede CG III, Ltd. Net proceeds are expected to be about $4.56 million. A further $2.5 million of shares and warrants is to be sold by October 20, 2014 at a price set nearer the time. The press release says the money is for East Texas development and lease acquisitions. Existing shareholders are diluted, and the warrants add more potential dilution.
20 June 2014securities registration● Neutral
ZaZa Energy Corp filed the final prospectus for a registered offering.
13 June 2014auditor change● Neutral
On June 11, 2014 ZaZa's audit committee dismissed Ernst & Young as auditor and appointed BDO USA. E&Y's reports on 2012 and 2013 carried a going-concern doubt, and the company says there were no disagreements with E&Y. The 2012 material weaknesses in financial reporting were reported as remediated, with none as of Dec 31, 2013.
6 June 2014securities registration● Neutral
ZaZa Energy Corp registered a securities offering with the SEC using its shelf eligibility.
6 June 2014securities registration● Neutral
ZaZa Energy Corp amended an already-effective registration statement.
30 May 2014director interest notice● Neutral
ZaZa Energy Corp CCO & General Counsel Shelby Scott Gaille received 1,559,559 shares as part of the equity award.
30 May 2014director interest notice● Neutral
ZaZa Energy Corp President and CEO Todd Alan Brooks received 3,772,493 shares as part of the equity award.
14 May 2014quarterly activities report▼ Bad
ZaZa Energy Corp reported quarterly revenue of $3.0 million and a net loss of $1.4 million for the period ended 2014-03-31.
13 May 2014quarterly activities report▼ Bad
ZaZa Energy Corp reported quarterly revenue of $3.0 million and a net loss of $1.4 million for the period ended 2014-03-31.
2 May 2014securities registration● Neutral
ZaZa Energy Corp amended an already-effective registration statement.
18 Apr 2014director interest notice● Neutral
ZaZa Energy Corp CCO & General Counsel Shelby Scott Gaille had 14,504 shares withheld for taxes on vesting stock.
18 Apr 2014director interest notice● Neutral
ZaZa Energy Corp President and CEO Todd Alan Brooks disposed of 255,877 shares via option/appreciation-right settlement.
18 Apr 2014director interest notice● Neutral
ZaZa Energy Corp Chief Financial Officer Ian H. Fay disposed of 76,466 shares via option/appreciation-right settlement.
17 Apr 2014agm notice● Neutral
ZaZa Energy Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
11 Apr 2014securities registration● Neutral
ZaZa Energy Corp amended an already-effective registration statement.
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp Chief Accounting Officer Paul Franciscus Jansen had 11,194 shares withheld for taxes on vesting stock.
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp Chief Compliance Officer Shelby Scott Gaille had 13,780 shares withheld for taxes on vesting stock.
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp Chief Financial Officer Ian H. Fay had 43,877 shares withheld for taxes on vesting stock.
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp President and CEO Todd Alan Brooks had 51,190 shares withheld for taxes on vesting stock.
4 Apr 2014agm notice● Neutral
ZaZa Energy Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp Chief Financial Officer Ian H. Fay had 48,091 shares withheld for taxes on vesting stock.
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp President and CEO Todd Alan Brooks had 55,106 shares withheld for taxes on vesting stock.
4 Apr 2014director interest notice● Neutral
ZaZa Energy Corp CCO & General Counsel Shelby Scott Gaille had 12,797 shares withheld for taxes on vesting stock.
31 Mar 2014material agreement● NeutralMajor
On March 31, 2014 ZaZa set up an at-the-market programme with MLV & Co. to sell common shares from time to time under its $150M shelf, paying MLV 3% of gross proceeds; no amount sold is stated. It also reported 2013 results: revenue of $8.9M, a net loss of $67.6M including a $104.6M impairment, and $15.2M of cash at year-end. The release says the subordinated note exchange is conditional on extinguishing the senior secured notes. Selling shares could dilute holders (an inference).
31 Mar 2014securities registration● Neutral
ZaZa Energy Corp filed a prospectus supplement for an offering off its existing shelf.
21 Mar 2014listing compliance notice▼ BadMajor
On March 18, 2014 NASDAQ told ZaZa its shares had closed below the $1.00 minimum bid price for 30 consecutive business days. There is no immediate effect on trading; the company has 180 days to get back above $1.00 for ten straight days, with a possible second 180 days, otherwise delisting. The stock was $0.78 on the day before the release, and the company says it is evaluating options.