We are pleased to have our proved reserves increase five-fold from the year-end, which confirms ZaZa’s significant drilling inventory on its 140,000 gross acreage position in the Eagle Ford East. Our operational strategy is focused on drilling proven, highly-economic Buda-Rose vertical stack and frac wells that will increase our cash flow, production, and reserves.

We look forward to a fruitful and lasting partnership with NAS, which will be a critical ally as we increase our global reach and continue down the path to commercialization.

We continue to execute a multiphase strategy for enhancing shareholder value by moving both AOT and STWA Joule Heat from the lab to the field, while developing additional, innovative technologies to further expand our global reach.

The opportunity to position a commercial prototype Joule Heat unit on a major crude oil pipeline is another important milestone as we continue to move forward with our ongoing transition from R&D to commercialization and corresponding business development initiative

In a lower priced commodity environment, our strategy is focused on drilling de-risked, highly-economic Buda-Rose vertical stack and frac wells that will generate solid economic returns, continue to HBP our large acreage position, and increase our production and reserves.

“We believe STWA is positioned well in the coming year to further demonstrate the ROI our technology brings to the oil field services market.”