ZaZa Energy Stock (OTC:ZAZA), Trade Ideas

ZaZa Energy Corp is an independent oil and gas company. The Company is focused on the exploration and production of unconventional and conventional oil and gas assets. It operates primarily through joint ventures in the Eagle Ford East trend in East Texas and the Eagle Ford trend in South Texas.

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These Gainers Have Elevated Short Interest

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Watch Out For These 4 Short Interest Gainers In Monday&#39;s Trading

ZaZa Energy Corp

Financing

ZaZa Energy Reports Extinguishment of $50.1M Debt; Exchanged For 2.4% Overriding Royalty Interest In Future Leases

Guidance

Commodities

ZaZa Energy Reports Mid-Year '15 Reserves Up 487% to 5.9MMBOE from End of '14, Proved Developed Reserves Up 46%

SMART Technologies Inc (NASDAQ: <a class="ticker" href="/stock/smt#NASDAQ">SMT</a>) shares tumbled 17.16 percent to $1.11. SMART Technologies reported adjusted annual net income of $0.2 million on adjusted revenue of $431.3 million.
 El Pollo LoCo Holdings Inc (NASDAQ: <a class="ticker" href="/stock/loco#NASDAQ">LOCO</a>) shares dipped 15.42 percent to $24.58. El Pollo LoCo reported stronger-than-expected results for the first quarter. The company projected 2015 pro forma net income of $0.67 to $0.71 per share.
 ZaZa Energy Corporation (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) shares fell 13.10 percent to $1.60. Zaza reported a Q1 loss of $0.54 per share.
 Goldfield Corp (NYSE: <a class="ticker" href="/stock/gv#NYSE">GV</a>) dropped 12.65 percent to $1.45. Goldfield reported Q1 loss of $0.03 per share on revenue of $30.50 million.
 hhgregg, Inc. (NYSE: <a class="ticker" href="/stock/hgg#NYSE">HGG</a>) shares dipped 9.11 percent to $4.79 after the company reported a wider loss for the fiscal fourth quarter.
 Paycom Software Inc (NYSE: <a class="ticker" href="/stock/payc#NYSE">PAYC</a>) shares slipped 8.54 percent to $35.89 after the company priced 8 million shares at $36.25 per share.
 Keurig Green Mountain Inc (NASDAQ: <a class="ticker" href="/stock/gmcr#NASDAQ">GMCR</a>) shares dropped 8.44 percent to $94.38 following comments from the CEO Kelley on the company's KOLD brewer presentation hinting at 'slow' start to sales of the device.
 Xinyuan Real Estate Co., Ltd. (ADR) (NYSE: <a class="ticker" href="/stock/xin#NYSE">XIN</a>) shares slipped 8.43 percent to $3.04. Xinyuan Real Estate reported Q1 earnings of $0.06 per ADS on revenue of $166.7 million.
 Auris Medical Holding AG (NASDAQ: <a class="ticker" href="/stock/ears#NASDAQ">EARS</a>) dropped 5.05 percent to $5.72 after the company prices its public offering of 5.28 million shares at $4.75 per share.
 King Digital Entertainment PLC (NYSE: <a class="ticker" href="/stock/king#NYSE">KING</a>) declined 4.74 percent to $14.28. King Digital reported better-than-expected results for the third quarter. The "Candy Crush Saga" maker said the mid-year period will be "seasonally softer" because of foreign currency woes. For the second quarter, King Digital expected gross bookings of $490 million to $520 million.
 Celladon Corp (NASDAQ: <a class="ticker" href="/stock/cldn#NASDAQ">CLDN</a>) shares fell 4.26 percent to $2.25. Celladon reported a Q1 loss of $16.7 million and announced evaluating strategic options.

Earnings

Zaza Reports Q1 EPS $(0.54)

Zaza Energy Files $.4M Shares For Holder

ZaZa Energy Reports Raising of $2.5M in Cash Financing

Among Tuesday&#39;s biggest gainers, there are a few with elevated short interest.

	Vanda Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="/stock/vnda#NASDAQ">VNDA</a>)

	The biopharmaceutical company focused on developing products for the treatment of the central nervous system sports a short interest equal to 34.7 percent of its float (as of November 28).

	The stock was up more than 18 percent on <a href="http://www.benzinga.com/news/14/12/5102992/benzingas-volume-movers">the news</a>&nbsp;that Vanda plans to acquire rights to a Phase II clinical compound from Novartis AG.

	Novartis will gain the ownership of approximately $25 million worth of Vanda common stock.

	ZaZa Energy Corporation (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>)

	A significant short interest of 17.9 percent of float isn&#39;t preventing this oil and gas company from posting exceptional gains in the past three trading sessions.

	The stock is up nearly 20 percent in Tuesday&#39;s trading.

	McDermott International (NYSE: <a class="ticker" href="/stock/mdr#NYSE">MDR</a>)

	The designer of complex offshore oil and gas projects had a short interest of 16.2 percent as of late last month.

	In Tuesday&#39;s trading, the stock saw gains of 10 percent.

	Energy XXI Ltd (NASDAQ: <a class="ticker" href="/stock/exxi#NASDAQ">EXXI</a>)

	The oil and exploration company has a short percentage of float near 20 percent, as of November 28.

	Tuesday&#39;s trading saw Energy XXI gain more than 8 percent.

The Dow was up nearly 100 points Monday as it adds to the gains of the last couple of trading days. Here are four of the day&#39;s biggest gainers with high short interest.

	VirnetX Holding Corporation (NYSE: <a class="ticker" href="/stock/vhc#NYSE">VHC</a>)

	VirnetX continued to rise Monday despite the highest short interest among Monday&#39;s top gainers, amounting to 30.7 percent of its float as of November 28. The Internet security software company recently settled a lawsuit against Microsoft. The <a href="http://www.benzinga.com/news/14/12/5097027/virnetx-gains-17-on-settlement-vs-microsoft">tech giant paid VirnetX</a> $23 million to settle a patent and license dispute. The stock recently traded at $6.06, down 3.4 percent.

	Image Sensing Systems, Inc. (NASDAQ: <a class="ticker" href="/stock/isns#NASDAQ">ISNS</a>)

	The developer of video and radar image processing products for use in traffic, security, police and parking applications has exhibited a significant short interest of 20.5 percent as of late November. The stock was up more than 8 percent Monday.

	Achillion Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/achn#NASDAQ">ACHN</a>)

	The biopharmaceutical company engaged in the development of antivirals for treatment of infectious diseases had a short interest of 24.7 percent of its float as of November 28. The stock achieved a new 52-week high on Monday ($16.74) and saw an <a href="http://www.benzinga.com/news/14/12/5099961/benzingas-volume-movers">unusually large activity</a> in terms of volume.

	ZaZa Energy Corporation (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>)

	The last company on the list has been engaged in the development and exploration of unconventional oil and gas assets in the United States. It has a short interest equal to 17.9 percent of the company&#39;s float as of the end of last month. The company&#39;s stock showed gains during the last five trading days, and those gains jumped another 20 percent at $2.05 in Monday&#39;s trading.

Watch Out For These 4 Short Interest Gainers In Monday's Trading

The Dow looks poised to post another consecutive day of gains. The index was up about 262 points, a 1.51 percent increase from Wednesday. With this backdrop, the top three gainers in Thursday&#39;s trading with the highest short interest are noteworthy.
<h3>
	Empire Resorts Inc (NASDAQ: <a class="ticker" href="/stock/nyny#NASDAQ">NYNY</a>)</h3>

	The stock was recently up 14 percent at $8.18 following plans for its<a href="http://www.benzinga.com/news/14/06/4670758/shares-of-empire-resorts-spike-up-plummet-shortly-after"> new casino.</a> The company submitted an application to New York State Gaming Facility Location Board for the new Montreign Resort Casino earlier this week. The company has a significant short interest as a percentage of float, standing at 13.5 percent as of November 28.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/14/08/4811339/vegas-strip-revenue-up-4-8-but-fails-to-boost-casino-stocks">Vegas Strip Revenue Up 4.8%, But Fails To Boost Casino Stocks</a></bzrelatedlink>
<h3>
	ZaZa Energy Corporation (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>)</h3>

	The second contender is severely shorted with a short interest of 17.9 percent as of the end of last month. The company focuses on the exploration and development of unconventional onshore oil and gas resources in the United States. ZaZa was up a substantial 18 percent at $1.55 Thursday afternoon.
<h3>
	Approach Resources Inc. (NASDAQ: <a class="ticker" href="/stock/arex#NASDAQ">AREX</a>)</h3>

	The energy company might have gained the least in this top gainers list, but that didn&#39;t stop it from having the highest short interest as a percentage of the company&#39;s float, amounting to 25.2 percent. The company has received a<a href="http://www.benzinga.com/stock/arex/ratings"> series of downgrades</a> this month, with the latest one just two days ago from Wunderlich, which set the price target of $5.

	Shares were recently up 2.3 percent at $5.79.

AREX

NYNY

Here's 3 Top Gainers With High Short Interest

As previously disclosed, on July 21, 2014, ZaZa Energy Corporation (the “Company”) entered into a that certain Securities Purchase Agreement (the “Securities Purchase Agreement”) with Crede CG III, Ltd. (the “investor”). Pursuant to the Securities Purchase Agreement, on July 21, 2014, the Company sold warrants to the investor to purchase 361,493 shares of common stock at an exercise price of $11.2036 per share (as adjusted for a 10-for-1 reverse stock split effective August 19, 2014). The warrants contained a provision that allowed the investor to exchange the warrants for common stock on a cashless basis using a negotiated Black-Scholes formula. The Company believes that this formula is subject to a 100% cap, meaning that no more than 361,493 shares of common stock are issuable upon exchange. The investor believes that there is no such cap.
On November 18, 2014, the Company and the investor entered into a settlement agreement (the “Settlement Agreement”) to resolve their disagreement regarding the number of shares issuable upon exchange of the warrants. Under the Settlement Agreement and in exchange for all of the warrants, the Company has agreed to immediately issue 787,530 shares of common stock to the investor. Also, at a future date, as determined by federal securities laws, the Company will issue an additional 212,470 shares of common stock. The Company and the investor have also agreed to release each other from all further obligations under the Securities Purchase Agreement and with respect to the warrants.
The foregoing description of the Settlement Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of Settlement Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

From 8-K:  Zaza Energy To Issue 787,530 Shares Under Settlement Pact, Settles Disagreement With Investor Regarding Warrants

ZaZa Energy (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) shares climbed 66.66% to $4.25 after the company reported Q3 earnings of $0.83 per share on revenue of $2.70 million and provided East Texas operational update.
Ascent Solar Technologies (NASDAQ: <a class="ticker" href="/stock/asti#NASDAQ">ASTI</a>) rose 21.73% to $2.46 after the company reported Q3 results and reiterated full year revenue guidance.
DreamWorks Animation SKG (NASDAQ: <a class="ticker" href="/stock/dwa#NASDAQ">DWA</a>) shares jumped 19.85% to $26.81 on the Deadline Hollywood report of possible acquisition by Hasbro (NASDAQ: <a class="ticker" href="/stock/has#NASDAQ">HAS</a>).
Rocket Fuel (NASDAQ: <a class="ticker" href="/stock/fuel#NASDAQ">FUEL</a>) shares gained 18.79% to $19.28 after beating third-quarter expectations and posting a fourth quarter outlook higher than the Wall Street consensus. 
Allied Motion Technologies (NASDAQ: <a class="ticker" href="/stock/amot#NASDAQ">AMOT</a>) shares jumped 14.91% to $18.57 after the company reported Q3 earnings of $0.45 per share on revenue of $65.30 million.
Cyber-Ark Software (NASDAQ: <a class="ticker" href="/stock/cybr#NASDAQ">CYBR</a>) shares climbed 14.72% to $38.66 after the company reported better-than-expected third-quarter earnings and issued a strong Q4 outlook.
LiqTech International (NYSE: <a class="ticker" href="/stock/liqt#NYSE">LIQT</a>) rose 12.70% to $1.42 after the company reported Q3 results.
Amphastar Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/amph#NASDAQ">AMPH</a>) gained 6.97% to $10.75 on upbeat quarterly results.
Wal-Mart Stores (NYSE: <a class="ticker" href="/stock/wmt#NYSE">WMT</a>) shares gained 2.50% to $81.18 after the company reported upbeat results for the third quarter.

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FUEL

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Morning Market Movers

ZaZa Energy Corporation (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) reports Q3 EPS of $0.83. Revenue came in at $2.70M

ZaZa Energy Corporation Reports Q3 EPS of $0.83; Revenue of $2.70M

ZaZa Energy Corporation (“ZaZa” or the “Company”) (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) today announced the one-year production results (October 1, 2013 to September 30, 2014) from three of its East Texas vertical wells in Madison and Walker counties, Texas: 
Toby #1 (“Toby”). During 336 producing days, average three-stream production for the Toby well was approximately 539 boe/d, consisting of about 230 b/d of liquids and 1,853 mcf/d of natural gas (cumulative one-year production of ~181,069 boe). 
Grisham #1 (“Grisham”). During 358 producing days, average three-stream production for the Grisham well was approximately 533 boe/d, consisting of about 456 b/d of liquids and 460 mcf/d of natural gas (cumulative one-year production of ~190,720 boe). 
Laura Unit #1 (“Laura”). During 356 producing days, average three-stream production for the Laura well was approximately 382 boe/d, consisting of about 293 b/d of liquids and 532 mcf/d of natural gas (cumulative one-year production of ~135,911 boe). 
ZaZa holds a 25% working interest in the Toby well and a 29.38% working interest in each of the Grisham and Laura wells. 
President and CEO Todd A. Brooks stated, “The one-year performance of these three vertical wells illustrates how ZaZa's East Texas acreage can be developed using two alternative approaches: horizontal or vertical wells. The horizontal approach is exemplified by the results of two recent wells in southern Madison and northern Walker counties: (i) ZaZa's McAdams Cattle Company #1H (929 boe/d IP-30) and (ii) nearby offset Vick B Unit #1H (2,311 boe/d IP-30). The vertical approach has been confirmed by the Toby, Grisham, and Laura well results.” 
ZaZa's internal models indicate similarly strong economics of greater than 50% IRR for both horizontal and vertical wells, assuming horizontal well costs of ~$9.5 mm, vertical well costs of ~$4.5 mm, ~$80 oil, and ~$3.70 per mmbtu gas. 
With respect to its horizontal program, the Company is expecting completion procedures to be underway by the end of the month for the Josey Wales #1H, which targets a formation similar to the McAdams 1H, and is currently drilling the lateral portion of the Colburn #3H, which will be our first horizontal test of a deeper, known productive formation.

Press Releases

ZaZa Energy Announces Production Results from Three East Texas Vertical Wells 

ZaZa Energy Corporation (“ZaZa” or the “Company”) (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) today announced the 30-Day production results from its East Texas McAdams Cattle Company 1H horizontal well (“McAdams 1H”) in Walker County, Texas. 
Over the first 30 active days of production, average three-stream production for the McAdams 1H was approximately 929 boe/d, consisting of about 529 b/d of liquids and 2,400 mcf/d of natural gas. Currently, the well is only producing from the 16 deepest stages (approximately 3,300 feet) of the lateral. Stages 17-23 remain closed while the operator conducts additional production testing. Water production over the first 30 days averaged approximately 2,379 b/d, with 29% of the hydraulic fracturing load water recovered at the end of the period. Given the nature of the carbonate formation in which the McAdams 1H is completed, ZaZa expects to recover and produce almost all of the load water injected during fracturing. 
ZaZa also is working through term sheets to execute a new reserve based debt facility, which the Company will use to immediately take out its existing Senior Secured Notes. Remaining availability will be used to fund JV capital expenditures. The facility is not expected to contain any dilution or equity component. ZaZa plans to close on this facility before the end of the year. 
President and CEO Todd A. Brooks stated, “The Company has three active well operations in East Texas. On the McAdams 1H, about one-third of the lateral is closed while we analyze relative contribution results along the 16 stages currently open. We are in the process of completing the Josey Wales 1H lateral well, which targets a formation similar to the McAdams 1H. Lastly, the Company is about two-thirds of the way through the drilling of the Colburn 3H, which will be our first lateral test of a deeper, known productive formation in the area.” 
All of the aforementioned wells are operated by EOG Resources, Inc., with ZaZa holding a 25% working interest.

ZaZa Energy Announces McAdams Well 30-Day Initial Production Results Company Working Through Term Sheets For New Reserve Based Debt Facility

ZaZa Energy (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) today 
 announced that ZaZa Energy Corporation and an affiliate of 
 Quantum Energy Partners (“Quantum”) entered into a Purchase and Sale 
 Agreement, which includes an East Texas Development Agreement comprising 
 Walker, Grimes, Madison, Trinity, and Houston counties (collectively, 
 the “Quantum Agreements”). Pursuant to the terms of the Quantum 
 Agreements:
 ZaZa will receive ~$17 million of total consideration, consisting of 
 both cash and ZaZa's right to receive Quantum's interest in the next 
 15 East Texas JV wells between the closing of the Quantum transaction 
 and its second anniversary (the “Reserved Wells”).
 <a href="http://www.benzinga.com/pressreleases/14/08/b4807194/zaza-energy-announces-east-texas-jv-agreements-with-large-private-equit">See full press release</a>

Contracts

Asset Sales

 ZaZa Energy to Assign to Quantum Energy Partners Undeveloped Leases in East Texas for ~$17M

ZaZa Energy Corporation (“ZaZa” or the “Company”) (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) today announced that ZaZa Energy Corporation (“ZaZa”) and an affiliate of Quantum Energy Partners (“Quantum”) entered into a Purchase and Sale Agreement, which includes an East Texas Development Agreement comprising Walker, Grimes, Madison, Trinity, and Houston counties (collectively, the “Quantum Agreements”). Pursuant to the terms of the Quantum Agreements: 
ZaZa will receive ~$17 million of total consideration, consisting of both cash and ZaZa's right to receive Quantum's interest in the next 15 East Texas JV wells between the closing of the Quantum transaction and its second anniversary (the “Reserved Wells”). 
ZaZa will assign to Quantum 6,000 net acres in undeveloped leases within ZaZa's East Texas JV. ZaZa retains its interest in all existing wells and the right to participate with respect to Quantum's working interest in the Reserved Wells. Following this assignment, ZaZa will have ~30,000 net acres in its East Texas JV and ~10,000 net acres in its East Texas focus area. 
ZaZa will receive ongoing G&amp;A and cost reimbursements from Quantum for providing services related to their jointly owned assets in Walker, Grimes, Madison, Trinity, and Houston counties. 
President and CEO Todd A. Brooks stated, “We are delighted to partner with Quantum, a world class private equity firm with an outstanding track record of investing in entrepreneurial management teams like ours. ZaZa has been meeting with Quantum for more than a year to lay the groundwork for this new relationship. Throughout that time, Quantum has watched as ZaZa advanced its East Texas drilling program. Our new partnership validates the progress ZaZa has made, and we look forward to working with Quantum as we move forward with our East Texas acquisition and development plans.” 
The closing of the Quantum transaction is subject to receiving the approval of ZaZa's existing East Texas JV partner and other customary closing conditions. There can be no assurance that all of the closing conditions will be satisfied.

ZaZa Energy Announces ~$17M East Texas JV Agreements With Large Private Equity Firm

Stock Split

ZaZa Announces 10 For 1 Reverse Split To Maintain Minimum Bid Compliance

ZaZa Energy Corporation (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) reports Q2 EPS of $(0.09) versus $(0.57) in the same quarter last year. Revenue came in at $3.70M versus $2.40M a year ago.

ZaZa Energy Corporation Reports Q2 EPS of $(0.09), Up 84% YOY; Revenue of $3.70M, Up 54% YOY

ZaZa Energy Announces Completion of East Texas JV Well 

ZaZa Energy Corporation (“ZaZa” or the “Company”) (NASDAQ: <a class="ticker" href="/stock/zaza#NASDAQ">ZAZA</a>) today announced that the Company has entered into a $7.5 million capital markets transaction with Crede Capital Group, LLC, a Los Angeles-based family office. The Company plans to use the proceeds to fund additional East Texas development and lease acquisitions. 
The investment will be made in two phases. The closing of the first phase, which has occurred today, is for $5 million gross proceeds in exchange for ZaZa common stock at a price of $0.83 per share. The price per share was determined by the closing price on July 17, 2014 as reported on the Nasdaq Capital Market. The transaction also includes 0.6 warrants for every share of ZaZa common stock with a strike price of $1.1205 per share, a 35% premium to such price. The second phase for $2.5 million is scheduled to close on or before October 20, 2014, and also includes 0.6 warrants for every share of ZaZa common stock. The price for such additional shares shall be determined by reference to the closing price of ZaZa common stock on the day prior to such additional issuance.

ZaZa Energy Announces $7.5 MM Capital Markets Transaction

ZaZa Energy