ZaZa Energy Regains NASDAQ Compliance
HOUSTON--(BUSINESS WIRE)-- ZaZa Energy Corporation (ZAZA) (NASDAQ: ZAZA) announced that it has received a letter from The NASDAQ Stock Market LLC ("NASDAQ") notifying the Company that with the September 13, 2012, filing of the Company's Form 10-Q for the period ended June 30, 2012, NASDAQ has determined that the Company complies with Listing Rule 5250(c)(1), which requires the timely filing of SEC periodic reports.
Todd A. Brooks, President and Chief Executive Officer, said, We are pleased to regain full compliance with NASDAQs continued listing standards. This is a pivotal step that allows us to focus on our ongoing strategic review to identify a joint venture partner, exploit our acreage positions in the Eagle Ford and Eaglebine resource basins and create value for stockholders.
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, Eaglebine and Paris Basin resource plays. More information about the Company may be found at www.zazaenergy.com.
Safe Harbor Statement
Except for the historical information contained herein, the matters set forth in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ZaZa intends that all such statements be subject to the safe-harbor provisions of those Acts. Many important risks, factors and conditions may cause ZaZas actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, 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 Companys filings with the Securities and Exchange Commission. The historical results achieved by ZaZa are not necessarily indicative of its future prospects. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Sard Verbinnen & Co.
Dan Gagnier, +1-212-687-8080
Source: ZaZa Energy CorporationCopyright Business Wire 2012