18 May 2012director interest notice● Neutral
ZaZa Energy Corp director Travis H. Burris received 92,352 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2012late filing notice▼ Bad
ZaZa Energy Corp notified the SEC that its quarterly report would be filed late.
23 Apr 2012listing compliance notice▼ BadMajor
NASDAQ told ZaZa on April 17, 2012 that it is out of compliance with listing rules because its 2011 annual report (Form 10-K) has not been filed. ZaZa must submit a plan to regain compliance within 60 days; trading is not affected for now, and the company expects to file the 10-K soon.
16 Apr 2012material agreement● Neutral
ZaZa completed the security it owed the holders of its $100 million senior secured notes: a deed of trust (April 10, 2012) on ZaZa LLC's Eagle Ford and Eaglebine oil and gas properties, plus security and pledge agreements (April 11) over substantially all personal property and subsidiary shares. This follows through on the February 2012 financing; only 49% of Toreador's stock is pledged until French regulatory clearance, and foreign subsidiary pledges are limited to 65%.
30 Mar 2012late filing notice▼ Bad
ZaZa Energy Corp notified the SEC that its annual report would be filed late.
29 Mar 2012material agreement▲ GoodMajor
On March 28, 2012, ZaZa agreed with Range Texas Production, LLC (a Range Resources subsidiary) to acquire a 75% working interest in Grimes County, Texas leases (about 61,123 gross / 37,837 net acres), with Range keeping 25%. ZaZa becomes operator, must drill a commitment well by July 1, 2012 and pay for it fully until sales start, make two cash payments (amounts not disclosed), and lose the interest if it misses the July 1 drilling or November 1, 2012 first-sales deadlines. The press release says this takes its Eaglebine holding to about 144,123 gross (89,378 net) acres and a six-well drilling program starting May 2012.
2 Mar 2012substantial holder notice● Neutral
Todd Alan Brooks, John E. Hearn, Jr, Gaston L. Kearby disclosed a new substantial ZaZa Energy Corp shareholding (66.80% of votes).
24 Feb 2012director interest notice● Neutral
ZaZa Energy Corp Executive Director, Geoscience John E Hearn Jr. sold 2,778,333 shares at $3.40.
24 Feb 2012director interest notice● Neutral
ZaZa Energy Corp Exec Dir, Land,Legal & Finance Todd Alan Brooks sold 2,778,334 shares at $3.40.
24 Feb 2012director interest notice● Neutral
ZaZa Energy Corp Executive Director, Operations Gaston L Kearby sold 2,778,333 shares at $3.40.
22 Feb 2012business combination● NeutralMajor
On February 21, 2012, ZaZa raised $100 million through 8% senior secured notes due February 21, 2017, sold with warrants over 26,315,789 shares at $3.15 each to MSDC ZEC Investments and Senator Sidecar Master Fund. The proceeds are to repay Toreador's convertible notes, pay combination fees and fund working capital. The filing also says the combination with Toreador closed, with the former ZaZa LLC owners receiving $47.33 million of 8% subordinated notes (due August 17, 2017). The notes are secured by a first-priority lien on substantially all assets of the company and its domestic subsidiaries. The warrants would be about 20.6% of the fully diluted shares, so exercise would dilute existing holders.
22 Feb 2012director interest notice● Neutral
ZaZa Energy Corp director Adam Kroloff received 88,738 shares as part of the equity award.
22 Feb 2012director interest notice● Neutral
ZaZa Energy Corp director Herbert C Williamson III received 79,341 shares as part of the equity award.
22 Feb 2012director interest notice● Neutral
ZaZa Energy Corp President and CEO Craig M Mckenzie received 318,607 shares as part of the equity award.
22 Feb 2012director interest notice● Neutral
ZaZa Energy Corp director Combret Bernard De received 66,342 shares as part of the equity award.
21 Feb 2012director interest notice● Neutral
Todd Alan Brooks became a ZaZa Energy Corp Exec Dir, Land,Legal & Finance and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
Fred S Zeidman became a ZaZa Energy Corp director and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
Todd Alan Brooks became a ZaZa Energy Corp Exec Dir, Land,Legal & Finance and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
Gaston L Kearby became a ZaZa Energy Corp Executive Director, Operations and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
Gaston L Kearby became a ZaZa Energy Corp Executive Director, Operations and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
John E Hearn Jr. became a ZaZa Energy Corp Executive Director, Geoscience and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
Charles J Campise became a ZaZa Energy Corp Chief Financial Officer and company insider (initial ownership filing).
21 Feb 2012listing compliance notice▲ GoodMajor
Nasdaq certified ZaZa Energy Corp's securities for listing, clearing them to begin trading.
21 Feb 2012director interest notice● Neutral
John E Hearn Jr. became a ZaZa Energy Corp Executive Director, Geoscience and company insider (initial ownership filing).
21 Feb 2012director interest notice● Neutral
Travis H. Burris became a ZaZa Energy Corp director and company insider (initial ownership filing).
12 Jan 2012securities registration● Neutral
ZaZa Energy Corp filed the final prospectus for a registered offering.
10 Jan 2012business combination● Neutral
Second amendment to the merger registration statement. The deal terms are unchanged, but the shares are now said to trade on the Nasdaq Capital Market (earlier drafts said the Nasdaq Global Market) under ZAZA. A new section on non-competition agreements appears in the table of contents. The Toreador vote is still pending, with dates left blank.
22 Nov 2011business combination● Neutral
First amendment to the merger registration statement. The deal terms are unchanged (one new share per Toreador share, 25%/75% split, agreement dated August 9, 2011 'as amended'). The number of shares registered rises slightly to 25,325,617, which is 6,276 more than before, with an extra fee. The merger is still awaiting effectiveness and the Toreador vote.
12 Oct 2011business combination● NeutralMajor
ZaZa Energy Corporation, a newly formed holding company, filed to register up to 25,319,341 shares for a planned combination of ZaZa Energy, LLC and Toreador Resources Corporation under an agreement dated August 9, 2011. Toreador holders would get one new share per Toreador share and own 25% of the combined company, with ZaZa's current owners holding 75%. The combined company would hold about 435,000 net acres across the Eagle Ford and Eagle Ford/Woodbine in Texas and the Paris Basin in France, and expects to list on Nasdaq as ZAZA. The deal still needs a Toreador shareholder vote and SEC effectiveness.