- ZaZa Energy (NASDAQ:ZAZA) shares were not helped today by news of a joint venture with P-E firm Quantum Energy Partners to develop some of its oil and gas properties in east Texas; shares fell 3.7%.
- Under the new agreement, ZaZa will assign ~6K net acres of undeveloped land in exchange for $17M in cash and subscription rights to acquire an additional share of Quantum's ownership stake in the first 15 wells created through the partnership over the next two years.
- ZaZa will retain its interest in all existing wells as well as the right to participate with Quantum's working interest in its reserved wells; Quantum will be reimbursed for its service and administrative costs with the JV.
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs