ZaZa Energy reported the one-year production averages for three wells in Walker and Madison Cos., Texas. The Toby #1 averaged a three-stream rate of 539 boepd (42% liquids) while the Grisham #1 flowed 533 boepd (86% liquids). The Laura Unit #1 produced 382 boepd (77% liquids). At these rates, the company estimates IRRs greater than 50%, assuming well costs of ~$9.5 million, vertical well costs of ~$4.5 million, ~$80 oil, and ~$3.70 per MMbtu......
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