ZaZa Energy Corporation Announces Initial Production Rate from the Boening A-1H Well

  ZaZa Energy Corporation Announces Initial Production Rate from the Boening
  A-1H Well

Business Wire

HOUSTON -- February 14, 2013

ZaZa Energy Corporation (NASDAQ: ZAZA) today announced an initial production
rate for the Company's Boening A-1H (the “Boening”) horizontal well located on
its Sweet Home prospect in DeWitt County, Texas.

ZaZa Energy Corporation disclosed today that the Boening was drilled to a
total measured depth of 18,797 feet, with a 5,163 foot effective lateral
section. Under controlled flowback, initial production rates of ~669 barrels
of oil equivalent per day (Boe/d), or 264 barrels of oil and 2,434 MCF of
natural gas, on a 12/64” choke, were achieved. From a four point test
analysis, an absolute open flow rate of 1020 Boe/d, or 420 barrels of oil and
3,600 MCF of natural gas were calculated.

Commenting on today’s announcement, Todd A. Brooks, President & CEO of ZaZa
Energy Corporation stated, “We are very pleased with the initial results from
our Boening well. Today’s results enable ZaZa to be confident in its Sweet
Home prospect and we can now move from proof of concept to the development of
this acreage. As such, we have made the strategic decision to pursue a
straightforward cash and carry joint venture, with flexibility regarding
operations for the prospect. ZaZa has high-graded its Sweet Home acreage into
12 tier one developmental units and we look forward to spudding our next well
in DeWitt County.”

About ZaZa Energy Corporation

Headquartered in Houston, Texas, with offices in Corpus Christi, Texas and
Paris, France, ZaZa Energy Corporation is a publicly-traded exploration and
production company with primary assets in the Eagle Ford and Eaglebine
resource plays in Texas. More information about the Company may be found at
www.zazaenergy.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements can be identified by words
such as "anticipates," "intends," "plans," "seeks," "believes," "estimates,"
"expects," "forecasts" and similar references to future periods. These
statements include, but are not limited to, statements about ZaZa’s ability to
execute on exploration, production and development plans, ZaZa’s ability to
enter into joint ventures, estimates of reserves, estimates of production,
future commodity prices, exchange rates, interest rates, geological and
political risks, drilling risks, product demand, transportation restrictions,
actual recoveries of insurance proceeds, the ability of ZaZa to obtain
additional capital, and other risks and uncertainties described in the
Company’s filings with the Securities and Exchange Commission. While
forward-looking statements are based on our assumptions and analyses that we
believe to be reasonable under the circumstances, whether actual results and
developments will meet our expectations and predictions depend on a number of
risks and uncertainties that could cause our actual results, performance and
financial condition to differ materially from our expectations. See "Risk
Factors" in our 2011 Form 10-K filed with the Securities and Exchange
Commission for a discussion of risk factors that affect our business. Any
forward-looking statement made by us in this news release speaks only as of
the date on which it is made. Factors or events that could cause our actual
results to differ may emerge from time to time, and it is not possible for us
to predict all of them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
development, or otherwise, except as may be required by law.

Contact:

JMR Worldwide
Jay Morakis, Partner, +1 212-786-6037
jmorakis@jmrww.com
 
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