For Investors Only
- 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.
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or what you think you may have read here.
