ZaZa Energy (OTC:ZAZA) +1.5% premarket after announcing it will receive an immediate $15M...

ZaZa Energy (OTC:ZAZA) +1.5% premarket after announcing it will receive an immediate $15M payment to end an agreement with Hess (NYSE:HES) to explore and develop the Eagle Ford shale formation, agreeing to pay down $100M senior secured notes due 2017 by $33M, and engaging Jefferies to lead a JV process for ZaZa's Eagle Ford core and Woodbine/Eaglebine assets.