Last $0.26 USD
Change Today +0.0464 / 22.10%
Volume 1.2M
BPZ On Other Exchanges
Symbol
Exchange
Berlin
As of 12:08 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

bpz resources inc (BPZ) Snapshot

Open
$0.21
Previous Close
$0.21
Day High
$0.26
Day Low
$0.21
52 Week High
06/17/14 - $3.40
52 Week Low
12/10/14 - $0.17
Market Cap
30.5M
Average Volume 10 Days
3.0M
EPS TTM
$-0.30
Shares Outstanding
118.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BPZ RESOURCES INC (BPZ)

bpz resources inc (BPZ) Related Bloomberg News

View More Bloomberg News

bpz resources inc (BPZ) Related Businessweek News

No Related Businessweek News Found

bpz resources inc (BPZ) Details

BPZ Resources, Inc., together with its subsidiaries, focuses on the exploration, development, and production of oil and natural gas in Peru and Ecuador. It owns license contracts for oil and gas exploration and production covering approximately 1.9 million net acres in 4 blocks located in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. The company also owns a 10% non-operating net profits interest in the Santa Elena property, an oil and gas producing property located in the southwest region of Ecuador. As of December 31, 2013, it had estimated net proved oil reserves of 16.1 million barrels of crude oil or other liquid hydrocarbons (MMBbls), including 12.7 MMBbls were in the Corvina field and 3.4 MMBbls were from the Albacora field located in northwest Peru. The company was founded in 2001 and is headquartered in Houston, Texas.

93 Employees
Last Reported Date: 03/12/14
Founded in 2001

bpz resources inc (BPZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $475.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $295.8K
Chief Legal Commercial & Administrative Offic...
Total Annual Compensation: $295.0K
Compensation as of Fiscal Year 2013.

bpz resources inc (BPZ) Key Developments

BPZ Resources Inc. Receives Continued Notice Listing From NYSE

BPZ Resources Inc. 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 share over 30 consecutive trading days. The NYSE has informed the Company that it has until June 8, 2015 (the "Compliance Date") to bring its average share price back above $1.00. Under the NYSE rules, the Company's common stock will continue to be listed on the NYSE at least until the Compliance Date, subject to the Company's compliance with other standard NYSE continued listing requirements. The Company will timely notify the NYSE that it intends to cure the deficiency. The Company's business operations, securities reporting requirements, and debt obligations are unaffected by this notification.

BPZ Resources Hires Advisor To Analyze Strategic Alternatives

BPZ Resources, Inc. (NYSE:BPZ) announced that it has engaged with Houlihan Lokey Capital Inc. and Stroock & Stroock & Lavan LLP to assist it in analyzing various strategic alternatives and addressing its liquidity and capital structure. The Board of Directors of BPZ Resources has also formed a special committee of the Board to work with the Advisors. "The teams at Houlihan and Stroock have in-depth knowledge of the oil and gas industry and experience guiding companies through sophisticated transactions" said James B. Taylor, Chairman of the Board of Directors of BPZ Resources. "We believe their expertise will assist the Company in achieving its long term goals."

BPZ Resources, Inc. Announces Unaudited Consolidated Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Asset Impairments for the Third Quarter Ended September 30, 2014; Provides Capital Expenditure Guidance for the Full Year of Fiscal 2014

BPZ Resources, Inc. announced unaudited consolidated financial and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced total net revenue of $20,350,000 compared to $12,529,000 for the same period a year ago. Operating loss was $40,084,000 compared to $10,853,000 for the same period a year ago. Loss before income taxes was $42,664,000 compared to $21,092,000 for the same period a year ago. Net loss was $45,292,000 compared to $15,321,000 for the same period a year ago. Basic and diluted net loss per share was $0.39 compared to $0.13 for the same period a year ago. EBITDAX was $5,708,000 compared to LBITDAX of $67,000 for the same period a year ago. For the three months ended September 30, 2014, the company's non-Block Z-1 total capital and exploratory expenditures were $4.4 million, excluding capitalized interest of $3.4 million. For the nine months, the company announced total net revenue of $65,581,000 compared to $38,656,000 for the same period a year ago. Operating loss was $33,598,000 compared to $30,758,000 for the same period a year ago. Loss before income taxes was $44,708,000 compared to $53,563,000 for the same period a year ago. Net loss was $51,411,000 compared to $47,745,000 for the same period a year ago. Basic and diluted net loss per share was $0.44 compared to $0.41 for the same period a year ago. EBITDAX was $26,400,000 compared to LBITDAX of $4,009,000 for the same period a year ago. Improved results for the three and nine-month 2014 periods, excluding the impairment charge for the gas to power project, when compared with the same periods last year, were due to higher revenues from increased production and lower overall expenses. For the nine-month period ended September 30, 2013, capital and exploratory expenditures were $19.9 million, excluding capitalized interest of $9.3 million. For the quarter, the company announced total oil sales were higher at 215,000 barrels compared with 123,000 barrels for the same period in 2013. Net oil revenue rose due to increased oil volumes sold of 92,000 barrels, offset by a decrease of $7.43 per barrel in the average net realized price received from $101.46 to $94.03 per barrel. The company's 51% share of production from Block Z-1 was 2,436 bopd compared with 1,330 bopd, or an increase of 83% year-over year. Net oil production from the Corvina and Albacora fields was 224,000 barrels, or 2,436 bopd, compared to net oil production of 122,000 barrels, or 1,330 bopd for the same period in 2013. For the nine months, the company announced total sales were 667,000 barrels compared to 388,000 barrels for the same period in 2013. Net oil revenue rose due to increased oil sales volumes of 279,000 barrels, offset by a decrease of $1.50 in the average per barrel sales price received from $99.42 to $97.92 per barrel. The increase in amount of oil sold for the three and nine months ended September 30, 2014 compared to the same periods in 2013 is due to increased net oil production in Block Z-1. The company's 51% share of production from Block Z-1 was 2,540 bopd compared with 1,414 bopd, or an increase of 80% year-over-year. Net oil production was 693 MBbls, or 2,540 bopd, compared to net oil production of 386 MBbls, or 1,414 bopd for the same period in 2013. The increased net oil production is a result of the reinitiated drilling campaign at Block Z-1 which began in the second half of 2013 and is currently ongoing, partly offset by declines from previous wells drilled at the Corvina CX-11 and Albacora platforms. For the third quarter ended September 30, 2014, the company incurred impairments of $41.0 million related to the gas to power project asset, due to recent developments that may change the extent or manner in which the asset may be used. The company provided capital expenditure guidance for the full year of fiscal 2014. The company's total estimated onshore and offshore capital expenditures for 2014, excluding capitalized interest, are approximately $42.7 million. This includes $21.0 million for the company's three onshore blocks in which the company holds a 100% working interest and $21.7 million for the capital and exploratory expenditures for offshore Block Z-1, which would be the amount that could exceed the $81.3 million carry amount available to the company from Pacific Rubiales, should the estimated investments all be incurred.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BPZ:US $0.26 USD +0.0469

BPZ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Emerald Oil Inc $1.32 USD +0.025
Miller Energy Resources Inc $1.26 USD -0.085
PostRock Energy Corp $0.34 USD 0.00
Sanchez Production Partners LLC $1.51 USD -0.0746
Saratoga Resources Inc $0.29 USD +0.0299
View Industry Companies
 

Industry Analysis

BPZ

Industry Average

Valuation BPZ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BPZ RESOURCES INC, please visit www.bpzenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.