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.