ZaZa Energy Corporation
ZAZA today disclosed that it completed the
sale of its French assets, comprising 100% of the shares of ZaZa Energy France
SAS (“ZEF”), to Vermilion REP SAS, a wholly-owned subsidiary of Vermilion
Energy Inc., for a gross purchase price of $85.8 million.
Taking into consideration customary closing adjustments and contractually
obligated asset integrity and G&A contributions, the net purchase price paid
to ZaZa was ~US$76 million. Resulting acquisition metrics reflect a cash
valuation of ~US$90,000 per Bbl/d and ~US$13.64 per boe of proved reserves.
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ZAZAZaZa Energy Corp
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