ZaZa Energy Corporation provided a reserves and operations update on the company's activities in the Eagle Ford East, where it has approximately 140,000 gross acres within an Area of Mutual Interest with EOG Resources. ZaZa Energy has announced that proved reserves increased by 487%, reaching 5.9 million barrels of oil equivalent at July 1, 2015, up from 1.0 MMBOE at December 31, 2014. 60% of ZaZa Energy's proved reserves at July 1, 2015 were liquids-weighted, and 83% of the company's proved reserves were classified as proved undeveloped at July 1, 2015.

Proved developed reserves increased to 1.0 MMBOE at July 1, 2015, up 46% from 0.7 MMBOE at December 31, 2014. The pre-tax present value of the future net revenues ('PV10') of ZaZa Energy's proved reserves at July 1, 2015 was $48.8 million as compared to $14.5 million at December 31, 2014. All estimated net reserves assume a 25% working interest to ZaZa Energy, with the exception of those wells in which EOG has non-consented (ZaZa Energy - 100% working interest) and certain undeveloped reserves in which Quantum Energy Partners ('Quantum') holds a future participation right (ZaZa Energy - 21% working interest).

Should EOG and Quantum non-consent to any of ZaZa's additional proposed development wells, ZaZa Energy would assume a 100% working interest and receive a 4x multiple on the figures included within the report. These two initial wells are part of ZaZa's 2H 2015 eight well vertical development program, each estimated to cost approximately $3.0 million and deliver an internal rate of return of 40% at current commodity prices. ZaZa expects the production results of the new wells to be similar to those achieved by the Company's previous Toby #1V (cumulative one-year production of 181,069 BOE), Grisham #1V (cumulative one-year production of 190,720 BOE), and Laura Unit #1V (cumulative one-year production of 135,911 BOE) wells.