ZaZa Energy Reports Record 2012 Third Quarter Results

Company Reports Record Revenues and Net Income, Takes Steps to Improve its Financial Position and Provides Updates on its Core Eaglebine and Eagle Ford Resources

ZaZa Energy Corporation (“the Company” or “ZaZa”) (ZAZA) today announced operational and financial results for its third quarter and nine- months ended September 30, 2012.

On February 21, 2012, following the successful consummation of a transaction under an Agreement and Plan of Merger and Contribution, ZaZa Energy Corporation became the parent company of ZaZa LLC and Toreador Resources Corporation.

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Gran Tierra Energy Inc. Announces Third Quarter 2012 Results and Positive Moqueta-7 Drilling Results

Quarter Highlighted by Record Production and Revenue, and Significant Additional Potential Pay in Moqueta Field Appraisal Well, Colombia

Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE), (TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced its financial and operating results for the quarter ended September 30, 2012. All dollar amounts are in United States dollars unless otherwise indicated.

Highlights for the quarter include: 

Lundin Petroleum Commences Tembakau Exploration Well, Offshore Peninsula Malaysia

 
Lundin Petroleum AB (Lundin Petroleum) (TSX:LUP)(OMX:LUPE) is pleased to announce that it has commenced the fourth well in its 2012 Malaysian drilling campaign with the spud of Tembakau-1 exploration well in PM307 Block, offshore east coast Peninsula Malaysia.

The well will target hydrocarbons in Oligocene and Miocene aged sands in a low-relief structure 50 km to the northwest of the Bertam-2 oil discovery made by Lundin Petroleum in 2011.

Tembakau-1 is a vertical well to be drilled by the jackup rig West Courageous to a depth of 1,650 metres in approximately 80 metres water depth. The drilling of the well is expected to take two to three weeks.

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Africa Oil Twiga South-1 Well Update

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) reports that following media speculation in Kenya, the Company announces that the Twiga South-1 exploration well in onshore Kenya Block 13T has successfully encountered oil. Drilling is on-going and, as previously stated on October 26 2012, an announcement of the drilling result is expected in early to mid-November after target depth has been achieved and necessary sampling and analysis has been completed.

The Twiga South-1 structure is the second prospect to be tested as part of a multi-well drilling campaign in Kenya and Ethiopia and is the first discovery in Block 13T following the Ngamia-1 discovery earlier this year in Block 10BB.

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Caza Oil & Gas Provides Operational Update

Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) is pleased to provide an operational update on the Company's drilling activities in southeast New Mexico.

Forehand Ranch Prospect, Eddy County, New Mexico. The Forehand Ranch 27 State Com No. 1H horizontal well has reached the intended total vertical depth of approximately 9,450 feet subsurface and log data and core samples have been obtained. Based on analysis of the log and core data, Caza and its partners are now preparing to commence drilling the horizontal section of the well through the primary objective 2nd Bone Spring Sand targeting the interval centered at 7,350 feet measured depth.

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