ZaZa Energy Corporation Reports Unaudited Consolidated Earnings Results and Operating Results for the Third Quarter and Nine Months Ended September 30, 2013
For the quarter, the company reported oil production of 10,251 Bbls compared to 24,263 Bbls a year ago. Gas production was 72,494 Mcf compared to 38,547 Mcf a year ago. Equivalent production was 22,333 BOE compared to 30,688 BOE a year ago.
For the nine months, the company reported total revenues and other income of USD 6.266 million compared to USD 204.380 million a year ago. Operating loss was USD 124.731 million compared to operating income of USD 122.936 million a year ago. Loss from continuing operations before income taxes was USD 117.152 million compared to income from continuing operations before income taxes of USD 91.492 million a year ago. Loss from continuing operations was USD 81.707 million compared to income from continuing operations of USD 20.130 million a year ago. Net loss was USD 81.657 million compared to USD 33.454 million a year ago. Diluted loss per share from continuing operations was USD 0.79 compared to diluted earnings per share from continuing operations of USD 0.21 a year ago. Diluted loss per share was USD 0.79 compared to USD 0.35 a year ago.
For the nine months, the company reported oil production of 62,098 Bbls compared to 74,051 Bbls a year ago. Gas production was 149,414 Mcf compared to 114,323 Mcf a year ago. Equivalent production was 87,001 BOE compared to 93,104 BOE a year ago.