ZaZa Energy Corporation announced earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported total oil and gas revenues of $1.3 million, as compared to $3.0 million for the first quarter ended March 31, 2014. This decrease was primarily due to the decline in crude oil prices and, to a lesser extent, lower production volumes. Operating loss was $4.8 million as compared to $3.4 million for the first quarters ended March 31, 2015 and March 31, 2014, respectively Net loss for the 2015 first quarter was $6.6 million or a loss per diluted share of $0.54 as compared to a net loss for the 2014 first quarter of $1.4 million or a loss per diluted share of $0.13.

Production for the first quarter ended March 31, 2015 was 54 Mboe as compared to 58 Mboe in the comparable year-ago period.