UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 15, 2012
ZAZA ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware |
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001-35432 |
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45-2986089 |
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(State or other jurisdiction of |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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1301 McKinney Street, Suite 3000 Houston, Texas |
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77010 |
Registrants telephone number, including area code: (713) 595-1900
NOT APPLICABLE
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 15, 2012, ZaZa Energy Corporation (the Company) received a letter from The NASDAQ Stock Market LLC (NASDAQ) indicating that the Company is not in compliance with the filing requirements for continued listing under NASDAQ Listing Rule 5250(c)(1) as a result of the Companys delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2012 (the Form 10-Q). The NASDAQ letter states that the Company is required to submit, by August 30, 2012, an update to the Companys original plan to regain compliance with NASDAQs filing requirements for continued listing, which plan the Company previously provided to NASDAQ. The NASDAQ notice does not result in a suspension of trading and has no immediate effect on the listing of, or continued admission of the Companys common stock for trading on, the NASDAQ Capital Market. The Company plans to submit its update to the compliance plan by such date, and anticipates that it will file its Form 10-Q in the near future and that it will fully regain compliance with the NASDAQ continued listing requirements upon such filing of its Form 10-Q.
The Company issued a press release on August 21, 2012 disclosing the Companys receipt of the notification letter from NASDAQ. A copy of such press release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
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Exhibit |
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Name of Document |
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99.1* |
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Press Release of ZaZa Energy Corporation, dated August 21, 2012. |
* Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ZAZA ENERGY CORPORATION
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Date: August 21, 2012 |
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By: |
/s/ Todd Alan Brooks |
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Name: |
Todd Alan Brooks |
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Title: |
President and Chief Executive Officer |
Exhibit 99.1
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ZAZA ENERGY CORPORATION |
NEWS RELEASE
ZAZA ENERGY ANNOUNCES RECEIPT OF NASDAQ NOTIFCATION LETTER
HOUSTON August 21, 2012 ZaZa Energy Corporation (the Company or ZaZa) (NASDAQ: ZAZA) announced today that on August 15, 2012, the Company received a letter from The NASDAQ Stock Market LLC (NASDAQ), as expected, indicating that since ZaZa has not filed its Form 10-Q for the period ended June 30, 2012, the Company does not comply with NASDAQs Listing Rule 5250(c)(1) for continued listing. No later than August 30, 2012, ZaZa is required to submit an update to the Companys original plan, previously provided to NASDAQ, to regain compliance with NASDAQs filing requirements for continued listing.
The NASDAQ notice has no immediate effect on the listing or trading of the Companys common stock on the NASDAQ Capital Market. ZaZa is working diligently to complete the preparation of its Form10-Q so that it may become current in its filings with the Securities and Exchange Commission. In part due to the completion of its transaction with Hess Corporation announced on July 26, 2012, ZaZa now anticipates that it will file its Form 10-Q in the near future, and expects that it will fully regain compliance with the NASDAQ continued listing requirements.
About ZaZa Energy Corporation
Headquartered in Houston, Texas, with offices in Corpus Christi, Texas and Paris, France, ZaZa Energy Corporation is a publicly-traded exploration and production company with primary assets in the Eagle Ford, Eaglebine and Paris Basin resource plays. More information about the Company may be found at www.zazaenergy.com.
Safe Harbor Statement
Except for the historical information contained herein, the matters set forth in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ZaZa intends that all such statements be subject to the safe-harbor provisions of those Acts. Many important risks, factors and conditions may cause ZaZas actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates of reserves, estimates of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, actual recoveries of insurance proceeds, the ability of ZaZa to obtain additional capital, and other risks and uncertainties described in the Companys filings with the Securities and Exchange Commission. The historical results achieved by ZaZa are not necessarily indicative of its future prospects. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Sard Verbinnen & Co.
Dan Gagnier, +1-212-687-8080
dgagnier@sardverb.com
713-595-1900 (OFFICE) · 713-595-1919 (FAX) · WWW.ZAZAENERGY.COM
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