BPZ Energy an independent oil and gas exploration and production company, continues to operate under provisions of Chapter 11 of the United States Bankruptcy Court Code while it seeks additional financing. At offshore Block Z-1, the Albacora A-22D well was drilled to a measured depth of 13,730 feet. The well tested water with no oil shows from the [...]
BPZ Energy an independent oil and gas exploration and production company, continues to operate under provisions of Chapter 11 of the United States Bankruptcy Court Code while it seeks additional financing. At offshore Block Z-1, the Corvina CX15-9D well was drilled to a total measured depth of approximately 7,730 feet. The 9D well failed to [...]
BPZ Resources announced today that it has filed a voluntary petition in the United States Bankruptcy Court for the Southern District of Texas seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. None of the Company's direct or indirect subsidiaries has filed for reorganization under Chapter 11. The [...]
BPZ Resources today announced that it will exercise a provision under the bond indenture for the 6.5% Convertible Notes due March 1, 2015 with an outstanding principal amount of $60 million, whereby the Company will avail itself of the 10-day grace period provided for in the Indenture on principal and a 30-day grace period on interest due for a [...]
Houston, Feb. 9, 2015 (GLOBE NEWSWIRE) -- BPZ Energy (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today announced the results of an independent evaluation of the Company's certified year-end 2014 oil reserves at offshore Block Z-1. The following discussion includes BPZ Energy's 51% interest in oil reserves [...]
Houston, Jan. 22, 2015 (GLOBE NEWSWIRE) -- BPZ Energy (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today provided initial production rates from the Albacora A-27D development well at offshore Block Z-1. The Company holds a 51% participation in Block Z-1 and all referenced well production in this release [...]
Houston, Dec. 22, 2014 (GLOBE NEWSWIRE) -- BPZ Energy (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today provided initial production rates from the Corvina CX15-14D development well completed in early December. The well was drilled to a total measured depth of 7,845 feet and completed in six weeks. For the [...]
Houston, Dec. 10, 2014 (GLOBE NEWSWIRE) -- BPZ Resources Inc. (the "Company") (NYSE: BPZ) (BVL: BPZ), today announced that on December 8, 2014, the Company received notification from the New York Stock Exchange (NYSE) that the Company had fallen below the NYSE's continued listing standard, which requires a minimum average closing price of $1.00 per [...]
Houston, Dec. 2, 2014 (GLOBE NEWSWIRE) -- BPZ Resources Inc. (the "Company") (NYSE: BPZ) (BVL: BPZ), today announced that the Company has engaged Houlihan Lokey Capital Inc. and Stroock & Stroock & Lavan LLP (collectively, the "Advisors") to assist it in analyzing various strategic alternatives and addressing its liquidity and capital structure [...]
Houston, Nov. 6, 2014 (GLOBE NEWSWIRE) -- BPZ Energy, (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today reported third quarter and nine-month 2014 financial results as well as an operational update. President and CEO Manolo Zuniga commented , "We continue to focus on increasing production and cash flow [...]
Houston, Oct. 30, 2014 (GLOBE NEWSWIRE) -- BPZ Energy (NYSE: BPZ) (BVL: BPZ), an independent oil and gas exploration and production company, today provided an operations update regarding the 2014 exploration campaign at onshore Block XXIII. Onshore Block XXIII (100% BPZ; 200,000 acres) Three onshore shallow exploration wells, ranging in depth [...]
Houston, Oct. 28, 2014 (GLOBE NEWSWIRE) -- BPZ Energy, (NYSE: BPZ) (BVL: BPZ) announced today that it will host a conference call and live webcast on Friday, November 7, 2014, at 10:00 a.m. CST (11:00 a.m. EST) to discuss the Company's third quarter 2014 financial and operational results. The event may be accessed via the Investor Relations, Events [...]
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