Last $2.93 USD
Change Today +0.14 / 5.02%
Volume 547.6K
BPZ On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

bpz resources inc (BPZ) Snapshot

Open
$2.77
Previous Close
$2.79
Day High
$2.95
Day Low
$2.77
52 Week High
04/1/14 - $3.25
52 Week Low
12/17/13 - $1.58
Market Cap
347.5M
Average Volume 10 Days
913.4K
EPS TTM
$-0.46
Shares Outstanding
118.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BPZ RESOURCES INC (BPZ)

Related News

No related news articles were found.

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: $753.3K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $416.5K
Chief Legal Commercial & Administrative Offic...
Total Annual Compensation: $426.0K
Compensation as of Fiscal Year 2012.

bpz resources inc (BPZ) Key Developments

BPZ Energy Reports Production Results for the First Quarter Ended March 31, 2014; Provides Production Update

BPZ Energy reported production results for the first quarter ended March 31, 2014. First quarter average gross production from Block Z-1 was approximately 5,045 barrels of oil per day (bopd), or 2,571 bopd net to BPZ Energy, compared with fourth quarter 2013 average gross production of 2,723 bopd, or 1,389 bopd net to BPZ Energy. As of March 31, 2014 gross production was approximately 4,650 bopd, or 2,372 bopd net to BPZ Energy. The company provided production update. Development drilling of the Corvina CX15-3D well continues. After reaching total measured depth of approximately 6,870 feet in the Zorritos formation, the drill pipe became stuck in the wellbore. It was decided to sidetrack the well at approximately 5,300 feet and drill the remaining section to target depth of 7,750 feet. Results are expected in April 2014. At Corvina, five additional wells are budgeted for 2014, after the CX15-3D well is completed. Albacora field: the A-18D oil well, which was completed at the end of 2013, has been currently shut in due to gas intrusion. The well is being evaluated to determine the necessary steps which are expected to restore oil production. Drilling of the A-21D development well continues with intermediate casing now set. Conventional cores will be taken in the Zorritos formation. Drilling results are expected in May 2014. Two additional wells have now been added to the 2014 Albacora drilling budget, bringing the total to four wells, including the A-19D and A-21D. Onshore Block XXIII: testing continues on the Caracol 1X well, the first in a three-well exploration campaign. As previously reported, two Heath Formation intervals at approximately 1,500 feet in depth tested gas with formation water. Subsequently, an upper interval in the Zorritos Formation with oil shows was perforated and later stimulated. Testing of this interval, along with other prospective intervals, will continue with a workover rig. In the interim, the drilling rig has been moved to the Cardo 2X location to continue the exploration campaign. The Cardo 2X well was spud in late March 2014, and it is estimated that total depth will be 4,600 feet.

BPZ Resources, Inc. Presents at IPAA Oil & Gas Investment Symposia, Apr-07-2014 through Apr-09-2014

BPZ Resources, Inc. Presents at IPAA Oil & Gas Investment Symposia, Apr-07-2014 through Apr-09-2014. Venue: Sheraton NY Times Square Hotel, 811 7th Ave On 53rd Street, New York, New York, United States. Presentation Date & Speakers: Apr-07-2014, Manolo Zuniga, President and CEO.

BPZ Resources, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2013

BPZ Resources, Inc. reported unaudited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2013. For the quarter, total net revenue was $12.073 million against $25.052 million a year ago. Operating loss was $5.656 million against operating income of $10.247 million a year ago. Loss before income taxes was $9.923 million against income before income tax of $6.575 million a year ago. Net loss was $9.966 million or $0.09 per diluted share against net income of $13.321 million or $0.12 per diluted share a year ago. EBITDAX was $1.423 million against $2.884 million a year ago. The company's non-Block Z-1 total capital and exploratory expenditures were $2.7 million, excluding capitalized interest of $2.7 million. For the year ended December 31, 2013, capital and exploratory expenditures were $5.8 million, excluding capitalized interest of $9.9 million. For the year, total net revenue was $50.729 million against $122.958 million a year ago. Operating loss was $36.414 million against $28.607 million a year ago. Loss before income taxes was $63.486 million against $54.703 million a year ago. Net loss was $57.711 million or $0.50 per diluted share against $39.089 million or $0.34 per diluted share a year ago. LBITDAX was $2.586 million against EBITDAX of $36.455 million a year ago. For the quarter, net oil production from the Corvina and Albacora fields in Block Z-1 was approximately 128,000 barrels (MBbls), or 1,389 barrels of oil per day (bopd), compared to pro forma net production 139 MBbls, or 1,516 bopd for the same period in 2012. For the year, net oil production from Corvina and Albacora was approximately 514 MBbls, or 1,408 bopd, compared to pro forma net production 618 Mmbls, or 1,693 bopd for the same period in 2012. The decrease in net oil production in the year-over-year comparisons is due to natural declines in oil production at both the Corvina and Albacora fields.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BPZ:US $2.93 USD +0.14

BPZ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Abraxas Petroleum Corp $5.15 USD +0.19
Callon Petroleum Co $9.52 USD +0.24
FX Energy Inc $4.75 USD +0.58
PetroQuest Energy Inc $5.68 USD +0.24
VAALCO Energy Inc $8.84 USD 0.00
View Industry Companies
 

Industry Analysis

BPZ

Industry Average

Valuation BPZ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.4x
Price/Book 2.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.3x
 | 

Post a JobJobs

View all jobs

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.