ZaZa Energy Corporation reported earnings and operating results for the year ended Dec. 31, 2014. For the year, the company reported total oil and gas revenues of $11.5 million, as compared to $8.9 million for the year ended December 31, 2013, an increase of approximately 29%. This was primarily due to production increases from the company's joint ventures in East and South Texas, partially offset by production decreases from the divestments of non-core assets in the prior year. The company reported an operating loss of $22.1 million as compared to $106.4 million in for the years ended December 31, 2014 and 2013, respectively. Net loss for the year 2014 was $8.2 million or a loss per diluted share of $0.75 per share as compared to a net loss for the year 2013 of $67.6 million or a loss per diluted share of $6.53. For the year ended December 31, 2014, the company deployed $10.6 million of cash capital expenditures and $16.2 million of carried costs for a total of $26.8 million of capital expenditures. For the year ended December 31, 2013, the company deployed $47.4 million of cash capital expenditures and $7.8 million of carried costs for a total of $55.2 million of capital expenditures.

For the year, total production was 231.6 Mboe as compared to 131.3 Mboe, an increase of 76.7%.