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Last $0.49 USD
Change Today -0.0098 / -1.96%
Volume 377.3K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

zaza energy corp (ZAZA) Snapshot

Open
$0.49
Previous Close
$0.50
Day High
$0.51
Day Low
$0.43
52 Week High
09/2/14 - $5.90
52 Week Low
08/27/15 - $0.36
Market Cap
6.7M
Average Volume 10 Days
109.2K
EPS TTM
$-1.42
Shares Outstanding
13.8M
EX-Date
02/4/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ZAZA ENERGY CORP (ZAZA)

zaza energy corp (ZAZA) Related Businessweek News

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zaza energy corp (ZAZA) Details

ZaZa Energy Corporation, an independent oil and gas company, focuses on the exploration and production of unconventional and conventional oil and gas assets in the United States. The company’s properties include the Eagle Ford East Trend comprising approximately 41,000 net acres in Houston, Leon, Madison, Grimes, Walker, Trinity, and Montgomery counties in East Texas; and Eagle Ford Trend covering approximately 3,700 net acres located in DeWitt and Lavaca counties in South Texas. As of December 31, 2014, it owned 45,000 net acres with proved reserves of approximately 1,011 thousand barrels of oil equivalent. ZaZa Energy Corporation is headquartered in Houston, Texas.

20 Employees
Last Reported Date: 03/31/15

zaza energy corp (ZAZA) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $248.4K
Chief Compliance Officer, General Counsel and...
Total Annual Compensation: $922.2K
Compensation as of Fiscal Year 2014.

zaza energy corp (ZAZA) Key Developments

ZaZa Energy Corporation Announces Amendment No. 10 to the Senior Secured Notes Purchase Agreement

Effective as of August 5, 2015, ZaZa Energy Corporation entered into Amendment No. 10 to the Senior Secured Notes Purchase Agreement (Amendment No. 10), which permits the Company to issue additional Senior Secured Notes in an aggregate principal amount not to exceed $500,000. Amendment No. 10 required that any such additional note would be issued solely for cash in an amount equal to 100% of the principal amount of the notes. In accordance with Amendment No. 10, effective as of August 5, 2015, the Company issued an aggregate of $340,000 in principal amount of additional Senior Secured Notes (the August 2015 Notes) in equal amounts to Jubalee Ltd. (an affiliate of John E. Hearn, Jr., a director of the Company) and $187,000.00 to Todd A. Brooks, the Company's Executive Director, President and Chief Executive Officer. Each of the purchasers of the August 2015 Notes also entered into a Supplement to Securities Purchase Agreement, each dated as of August 5, 2015 (each, a Supplement), under which the note purchaser agreed to be bound by and to comply with the terms and provisions of the Senior Secured Notes Purchase Agreement in connection with the issuance of the August 2015 Notes. Mr. Brooks and Jubalee Ltd. also executed joinders (the Collateral Agency Agreement Joinders) to that Collateral Agency Agreement, dated as of February 21, 2012 (the Collateral Agency Agreement), among U.S. Bank, the Company, its domestic subsidiaries and the Purchasers. The terms of the August 2015 Notes are identical to the terms of the currently outstanding Senior Secured Notes. Thus, the August 2015 Notes bear interest at a rate of 10.00% per annum, mature on February 21, 2017, are guaranteed by all of subsidiaries and are secured by a first-priority lien on substantially all of assets and those of domestic subsidiaries. To the extent such assets include stock of any foreign subsidiaries, only 65% of such foreign subsidiary stock is to be pledged as security for the August 2015 Notes. The August 2015 Notes (along with the Senior Secured Notes) rank senior to all of other debt and obligations.

ZaZa Energy Corporation Receives Non-Compliance Notice From NASDAQ

On August 3, 2015, ZaZa Energy Corporation received a deficiency letter from The NASDAQ Stock Market LLC indicating that, based on the company’s closing bid price for the 30 consecutive business days prior to August 3, 2015, the company does not comply with the minimum bid price requirement of $1.00 per share, as set forth in NASDAQ Listing Rule 5550(a)(2). In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the company has a grace period of 180 calendar days to regain compliance with the minimum closing price requirement for continued listing. In order to regain compliance, the minimum closing price per share of the company’s common stock must be at least $1.00 for a minimum of ten consecutive business days during the 180-day grace period. In the event the company does not regain compliance within the 180-day grace period, the company may be afforded an additional 180-day grace period, provided that it demonstrates that it meets all other applicable standards for initial listing on the NASDAQ Capital Market (except the bid price requirement) and provides written notice of its intention to cure the minimum bid price deficiency during the second grace period. If the company fails to regain compliance after the second 180-day grace period, or if the NASDAQ declines to grant the company a second 180-day grace period, the NASDAQ may delist the company’s common stock.

ZaZa Energy Corporation Announces Executive Changes

Effective July 9, 2015, Paul F. Jansen has resigned as the chief financial officer and as the chief accounting officer of ZaZa Energy Corporation. Mr. Jansen had also been designated as the company's principal financial officer and principal accounting officer. The board of directors of the company has designated Terry Hobbs, currently serving as the controller & treasurer of the company, as the company's principal financial officer. Ms. Hobbs will continue to serve as the company's controller & treasurer. The board has appointed Charles Ngo, CPA, currently serving as the director financial reporting of the company, as the company's chief accounting officer. Prior to joining company, Ms. Hobbs spent 20 years with TOTAL E&P USA Inc. Prior to joining company, Mr. Ngo worked as senior financial reporting specialist for Crimson Exploration Inc.

 

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Industry Analysis

ZAZA

Industry Average

Valuation ZAZA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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