For Investors Only

ZaZa Energy +6.2% as it moves to continue Eaglebine joint venture

• ZaZa Energy says it will move ahead with the third and final phase of its joint venture with EOG Resources developing the emerging Eaglebine tight oil play in east Texas.
• EOG will receive a 75% working interest in the remaining Phase III acreage, and ZAZA will receive $4.7M of upfront cash and a carry of the partner's share of future joint venture costs of up to ~$9.2M.
• EOG also commits to drill an additional two wells, with the first commencing no later than July 1.

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