ZaZa Energy Corporation reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $2.7 million, as compared to $1.1 million for the comparable 2013 period, an increase of approximately 144%. Operating loss was $3.6 million for the three months ended September 30, 2014 as compared to an operating loss of $14.1 million for the three months ended September 30, 2013. The company reported net income of $10.1 million, or income per diluted share of $0.83, for the three months ended September 30, 2014. This compares to a net loss of $20.6 million, or a loss per diluted share of $2.01, for the corresponding period in 2013.

For the nine months ended September 30, 2014, the company reported total revenues of $9.5 million, an increase of 50% as compared to $6.3 million reported for the comparable 2013 period. The company reported an operating loss of $13.7 million for the nine months ended September 30, 2014 as compared to an operating loss of $124.7 million for the nine months ended September 30, 2013. For the nine months ended September, 2014, the company deployed $5.6 million of cash capital expenditures and $21.1 million of carried costs for a total of $26.7 million. For the nine months ended September, 2013 the company deployed $43.3 million of cash capital expenditures and were not carried for any costs. Total debt as of September 30, 2014 was $90.7 million, of which $13.3 million is classified as current, as compared to total debt of $98.4 million as of December 31, 2013, of which $10.2 million was considered current.

For the quarter, production was 54.8 MBOE against 22.3 MBOE a year ago, an increase of 145%.

For the nine months ended September 30, 2014, production was 176.2 MBOE against $87.0 MBOE a year ago, an increase of 102%.