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Good post thanks agree with you !
You make some good points...thanks...
I have to disagree with you there.
For anyone who happens to be a student of William O'Neill and CANSLIM investing, the BZP chart looks like almost a perfect "W" base pattern which is very bullish. There are a couple different ways to play this base pattern using CANSLIM investing principles (see *ww.investors.com for details in the stock philosophy)
Notice the "W" shape of the base, and the fact that the low price on the right half of the "W" is very similar to the right half ($11.70 vice $11.05). Ideally you'd see the low on the right half a tad bit below the left half, but not a big deal. The symmetry provides so solid price support. If you look at a dailay chart you'll also notice some sideways movement on lower volume the last few days as the stock has approached and made new highs. This represent resistance in the form of folks who bought at previous highs selling out because they fear the stock may go back down. While I do agree that this pattern coud represent a top, the fact that the volume is decreasing on a daily basis as the stock moves sideways, indicates to me that the selling is drying up and the stock will likely make its next major move higher rather than lower.
Now the buying strategy:
Normally the pivot, or buy point of a "W" base is when the stock price passes the high point set in the middle of the base. For this stock that would have been $13. The exception/ammendment to that rule is that if the base forms a "handle" on the right side, the buy point reached when the price passes the high of that handle on heavy volume. For this stock the high of the handle is $13.38 and was set on Thursday as the stock pulled back on low volume.
You can read lots more on this base pattern at www.investors.com.
Bottom line, the technicals and fundamentals look excellent for this stock. It is in the right sector at the right time with growing fundamentals. I'd be a buyer at these levels and all the way up to $14 per share.
GLTA,
John
When a stock fails to exceed its prior peak and starts to weaken, caution flags are being waved. What the analyst then has is a possible double top in its earliest stages. A double top is nothing more than a price chart with tow prominent peaks at about the same price level.
Why just possible? You don't know for sure if that pullback is the start of a double top or just a natural hesitation at prior resistance level. Prices will often do nothing more than trade sideways for a while between the prior peak and the prior trough before finally resuming the uptrend. For an actual double top to be present, some thing else has to happen--the price also has to fall enough to close below its previous trough around 11.10. If that happens, you have confidence the short-term trend has changed to down.
Hope this helps...
What it mean can you explain to us?
thanks friend we appreciate
Double-top pattern potentially forming...
NEW YEAR HIGH !!!!!!!
LOOK----$13.38 new HIGH!!!!!!!!!!!!
BZP BIG UPDATE !!
SAN FRANCISCO OIL CONFERENCE TUESDAY PRESENTATION LINK HERE !!!!!!!
http://www.bpzenergy.com/images/pressreleases/BPZ_Pritchard_Energy_Conf.pps
send to------ksorensen7@hotmail.com thanks looking forward to BIG things in 2008!!!!!!!!!
Im Peruvian i have a Power point presentation with all of the operation of BPZ resources. Put your email i will send you. Good Luck
January 8, 2008 - 10:16 AM EST
BZP $12.92
BPZ Energy Reports CX11-18XD Well at Total Depth
BPZ Resources, Inc, d/b/a BPZ Energy (AMEX:BZP), announced today that the Company’s fourth well, the CX11-18XD, located in the offshore Corvina field of Block Z-1, reached total depth of 8,792 feet (measured depth) on January 1, 2008, approximately one month ahead of the previously announced schedule of 60 days. The well is being conditioned in preparation for logging and casing, testing will follow shortly thereafter. The Company plans to test previously proved oil sands as well as prospective oil zones. Testing is expected to take approximately four weeks, depending on the number of tests ultimately conducted.
Manolo Zúñiga, President and Chief Executive Officer, commented, “This is yet another significant accomplishment by our operations team in Peru. The sands we encountered had excellent oil shows and further testing will define the potential of this section of the Corvina field.” Mr. Zúñiga continued, “In particular, we will test the well to prove up new oil zones in sands deeper in the Upper Zorritos formation. The mud log shows that the oil sands we encountered may be thicker than those found in the 21XD and 14D wells, which is in line with our geologic models.”
Frédéric Briens, Chief Operating Officer, added, “Reaching TD almost a month ahead of schedule gives us the opportunity to ramp up production faster than expected and accelerate the timeline of our Corvina drilling campaign
BZP presents Tuestay in big Conference !!!!!!
http://www.pritchardcapital.com/energize/accommodation.php
[PPT] Corporate PresentationFormato de archivo: Microsoft Powerpoint - Versión en HTML Pritchard Capital Energy Conference San Francisco, CA .... American Stock Exchange Listed (BZP); Management owns 29.3% of shares outstanding ... bpzenergy.com/images/pressreleases/BPZ_Pritchard_011107.pps - Páginas similares
Thanks A lot of Peruvians investors start to accumlate this GEM.
nice to finally see a board for BZP!!!!!!!!!!!!! congrats--looking forward to BIG happenings in 2008!!!!!!!! Have held this stock since day 1.
Revenue Est Current Qtr
Dec-07 Next Qtr
Mar-08 Current Year
Dec-07 Next Year
Dec-08
Avg. Estimate 6.60M 16.72M 6.60M 95.65M
No. of Analysts 4 4 4 5
Low Estimate 2.52M 8.20M 2.52M 52.50M
High Estimate 15.18M 25.00M 15.18M 122.76M
Year Ago Sales N/A N/A N/A 6.60M
Sales Growth (year/est) N/A N/A N/A 1349.2%
UPGRADES & DOWNGRADES HISTORY
Date Research Firm Action From To
20-Nov-07 Canaccord Adams Initiated Buy
10-Oct-07 Morgan Keegan Initiated Outperform
27-Feb-07 Jefferies & Co Initiated Buy
Thank for participe in this board
This week BZp announce a big surprise all here in Peru know about this new discovery . Pick up something my goal 20$
Hello drluck,
Here's a one-year chart of BZP...a decisive close < 12.10 implies a move back to the lower Bollinger Band.
BZP .......Big ALERT... OIL AMEX Company .....win 500% .... Peruvian Goverment Lobby and WORLD BANK FINANCIER ..... TARGET 50$
http://stockcharts.com/h-sc/ui?s=Bzp&p=D&b=5&g=0&id=0
BZP Resources WORLD BANK HOLD 10% of the Company.
BPZ currently holds four blocks in northwest Peru totaling 2.76 million acres, and has a participating interest in a block of nearly 300,000 acres in southwest Ecuador. Of the four blocks in Peru, two are under license contract in the Tumbes basin (one onshore, one offshore). The other two blocks are onshore and held under technical evaluation agreements with the option of converting them to license contracts.
BPZ Energy USA will produce 8,000 bpd in July 08 'Peru
13 Dec 2007 15:08
LIMA, Dec. 13 (Reuters) - The American BPZ Energy will produce about 8,000 barrels per day of crude oil from July 2008 in a reserve located on the north coast of Peru and sees great potential in exploiting its gas field, said on Thursday, an executive.
BPZ Energy owns granting lots of oil XIX, XXII, XXIII and Z-1 in the regions of Tumbes and Piura in northern Peru, both bordering Ecuador.
"By the middle of next year we will be at 8,000 barrels, which is a good thing (...) These wells are new and are performing very well," told reporters the chief executive of BPZ, Manuel Zñiga.
The executive explained that the oil wells that produce from 23 degrees API will be "light and good quality" to mean the area.
Currently, the firm produces testing about 2,000 barrels per day (bpd), which he hoped would increase gradually over the next year when complete exploitation of four wells in lot Z-1, located off the coast of Piura.
For the 2008 signing aspires realize further two loans from the International Finance Corporation, the financial arm of the World Bank for private sector dependent, for 150 million dollars, which will be used to operate three gas wells in lot Z-1 and build a power plant of 160 megawatts, which will be fed by the reservoir.
"There are two outstanding loans, one of 35 million and another 115 million. To 35 will be to continue drilling and the 115 will be for the electric plant. Hopefully That close to half a year before and hence we green light for the construction of the plant, "he added Zñiga.
The executive estimated that the power plant would begin operating "12 months later" granted the loan and require a supply of about 40 million cubic feet of gas per day.
Zuñiga referred to the exploration of other areas of lot Z-1, as Albacore, plus lots XIX and XXIII increase its production of oil and gas.
"By mid-2009 our goal is to have 8,000 bpd in (the field of) Corvina, 8,000 bpd in Albacore and 40 million cubic feet (gas)," said.
Preliminary studies conducted by BPZ in their lots allow glimpse a future "important" for the exploitation of natural gas in this region of Peru, he added Zñiga.
"We hope in the next two or three years to be there for petrochemicals, for the Talara refinery, to agribusiness," he said.
BPZ Energy Inc., based in Houston, operates in Peru since 2002 through the signing local BPZ Exploration and Production.
Fuente: Reuters
BPZ Resources, Inc., d/b/a BPZ Energy (AMEX:BZP) today announced the signing of two new license contracts for exploration and production of hydrocarbons, thus obtaining exclusive rights to Blocks XXII and XXIII located in northwest Peru.
Mr. Zúñiga stated: “This is a big day for BPZ Energy and for Peru. To have this kind of event here at the Presidential Palace is truly amazing. I was deeply honored to have the opportunity to speak before President Garcia, the leaders and management of Perupetro and on behalf of the various companies signing license contracts. As a native of Peru, I wanted to stress that BPZ Energy has been doing the right things here since the beginning of our operations to develop hydrocarbons, and to give back to the people and communities of Peru.” Mr. Zúñiga continued, “These two new license contracts will now allow us to implement the geologic models we have been developing during the past few years. We look forward providing more details on these two blocks as they become available.”
License contracts were signed by companies from seven countries; such as Pacific Stratus Energy and Talisman from Canada; BPZ Energy, Hunt Oil, Occidental Oil and Gas, and Vetra Peru from the United States; Ecopetrol from Colombia; Petro-Tech Peruana from Peru; Pan Andean Resources from Ireland; ZSN PE from Russia; PVEP Peru from Vietnam; and SK Energy from Korea. The 18 contracts signed during the ceremony were a record for Perupetro during any single event. Additional information on the latest licensing round in Peru can be found at www.perupetro.com.pe.
The license contracts were signed on Wednesday November 21, 2007 in a ceremony at the Presidential Palace hosted by the President of Peru, Mr. Alan Garcia. Present at the ceremony were representatives from 12 companies who signed 18 such license contracts for exploration and production of hydrocarbons in Peru. During the ceremony, broadcasted nationally on television and radio in Peru, President Garcia noted the companies involved would be investing in Peru’s economic growth and that the country welcomed this type of investment. Also, Manolo Zúñiga, President and Chief Executive Officer of BPZ Energy, was asked to address the attendees and the national television and radio audiences. Mr. Zúñiga stressed that each company in attendance has not only been afforded an opportunity, but a larger responsibility to do business the right way in Peru. He also applauded the leaders and staff at Perupetro, noting that they are very accessible and ready to assist all companies to promote each company’s success.
The signing of Block XXII and Block XXIII completes the approximately 2.4 million acres, in conjunction with Blocks Z-1 and XIX, the Company initially plans to develop in northwest Peru.
Block XXII
This block covers approximately 948,000 acres and is located onshore in the Lancones basin, although its southern sector also covers the productive Talara basin of northwest Peru, near the Talara Refinery. During the initial seven-year exploration phase the company has committed to shoot 200 km of 2D seismic and drill 4 exploration wells. The term of the license contract is for 30 years in the case of oil and 40 years in case of gas. Royalties start at 15% if and when production is less than 5,000 barrels of oil equivent per day (boepd) and are capped at 30% if and when production surpasses 100,000 boepd.
Block XXIII
This block covers approximately 248,000 acres and is located onshore between the Company’s offshore Block Z-1 and onshore Block XIX in northwest Peru. This block is located in the Tumbes basin, although in its southern section Talara basin sediments maybe found deeper. The term and royalties are similar to those of Block XXII. During the initial seven-year exploration phase the company has committed to shoot 400 km of 2D seismic, 600 square km of 3D seismic, and drill 4 exploration wells.
Mr. Zúñiga stated: “This is a big day for BPZ Energy and for Peru. To have this kind of event here at the Presidential Palace is truly amazing. I was deeply honored to have the opportunity to speak before President Garcia, the leaders and management of Perupetro and on behalf of the various companies signing license contracts. As a native of Peru, I wanted to stress that BPZ Energy has been doing the right things here since the beginning of our operations to develop hydrocarbons, and to give back to the people and communities of Peru.” Mr. Zúñiga continued, “These two new license contracts will now allow us to implement the geologic models we have been developing during the past few years. We look forward providing more details on these two blocks as they become available.”
License contracts were signed by companies from seven countries; such as Pacific Stratus Energy and Talisman from Canada; BPZ Energy, Hunt Oil, Occidental Oil and Gas, and Vetra Peru from the United States; Ecopetrol from Colombia; Petro-Tech Peruana from Peru; Pan Andean Resources from Ireland; ZSN PE from Russia; PVEP Peru from Vietnam; and SK Energy from Korea. The 18 contracts signed during the ceremony were a record for Perupetro during any single event. Additional information on the latest licensing round in Peru can be found at www.perupetro.com.pe.
About BPZ Energy
Houston based BPZ Energy is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production covering approximately 2.4 million acres in four properties in northwest Peru. It also owns a minority working interest in a producing property in southwest Ecuador. The Company is currently executing an integrated gas-to-power strategy, which includes generation and sale of electric power in Peru and sales of gas into Ecuador for third-party power generation, in parallel with the development of the Corvina oil discovery and the redevelopment of the Albacora oil field. The Company’s website at www.bpzenergy.com provides additional information about the Company’s plans, including photographs and other information with respect to its operations.
Forward Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 27E of the Securities Exchange Act of 1934. These forward looking statements are based on our current expectations about our company, our properties, our estimates of required capital expenditures and our industry. You can identify these forward-looking statements when you see us using words such as "expect," “will”, "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward looking statements. Such uncertainties include the success of our project financing efforts, including final documentation and execution of debt financing documents with IFC, accuracy of well test results, well refurbishment efforts, successful production of indicated reserves, and the successful management of our capital development project and other normal business risks. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.
U.S. investors are urged to consider closely the disclosure in our SEC filings, available from us at 580 Westlake Park Blvd., Suite 525 Houston, Texas 77079; Telephone: (281) 556-6200. You can also obtain these filings from the SEC by calling 1-800-SEC-0330.
http://investorshub.advfn.com/boards/board.asp?board_id=11449
Alerts in yahoo groups !!!!!!!
[Small Cap Traders] BZP .......Big ALERT... OIL AMEX Company .....win 500% .... Peruvian Goverment Lobby and WORLD BANK FINANCIER ..... TARGET 50$
BZP .......Big ALERT... OIL AMEX Company .....win 500% .... Peruvian Goverment Lobby and WORLD BANK FINANCIER ..... TARGET 50$
http://stockcharts. com/h-sc/ ui?s=Bzp& p=D&b=5&g= 0&id=0
BZP Resources WORLD BANK HOLD 10% of the Company.
BPZ currently holds four blocks in northwest Peru totaling 2.76 million acres, and has a participating interest in a block of nearly 300,000 acres in southwest Ecuador. Of the four blocks in Peru, two are under license contract in the Tumbes basin (one onshore, one offshore). The other two blocks are onshore and held under technical evaluation agreements with the option of converting them to license contracts.
BPZ Energy USA will produce 8,000 bpd in July 08 'Peru
13 Dec 2007 15:08
LIMA, Dec. 13 (Reuters) - The American BPZ Energy will produce about 8,000 barrels per day of crude oil from July 2008 in a reserve located on the north coast of Peru and sees great potential in exploiting its gas field, said on Thursday, an executive.
BPZ Energy owns granting lots of oil XIX, XXII, XXIII and Z-1 in the regions of Tumbes and Piura in northern Peru, both bordering Ecuador.
"By the middle of next year we will be at 8,000 barrels, which is a good thing (...) These wells are new and are performing very well," told reporters the chief executive of BPZ, Manuel Zñiga.
The executive explained that the oil wells that produce from 23 degrees API will be "light and good quality" to mean the area.
Currently, the firm produces testing about 2,000 barrels per day (bpd), which he hoped would increase gradually over the next year when complete exploitation of four wells in lot Z-1, located off the coast of Piura.
For the 2008 signing aspires realize further two loans from the International Finance Corporation, the financial arm of the World Bank for private sector dependent, for 150 million dollars, which will be used to operate three gas wells in lot Z-1 and build a power plant of 160 megawatts, which will be fed by the reservoir.
"There are two outstanding loans, one of 35 million and another 115 million. To 35 will be to continue drilling and the 115 will be for the electric plant. Hopefully That close to half a year before and hence we green light for the construction of the plant, "he added Zñiga.
The executive estimated that the power plant would begin operating "12 months later" granted the loan and require a supply of about 40 million cubic feet of gas per day.
Zuñiga referred to the exploration of other areas of lot Z-1, as Albacore, plus lots XIX and XXIII increase its production of oil and gas.
"By mid-2009 our goal is to have 8,000 bpd in (the field of) Corvina, 8,000 bpd in Albacore and 40 million cubic feet (gas)," said.
Preliminary studies conducted by BPZ in their lots allow glimpse a future "important" for the exploitation of natural gas in this region of Peru, he added Zñiga.
"We hope in the next two or three years to be there for petrochemicals, for the Talara refinery, to agribusiness, " he said.
BPZ Energy Inc., based in Houston, operates in Peru since 2002 through the signing local BPZ Exploration and Production.
Fuente: Reuters
BPZ Resources, Inc., d/b/a BPZ Energy (AMEX:BZP) today announced the signing of two new license contracts for exploration and production of hydrocarbons, thus obtaining exclusive rights to Blocks XXII and XXIII located in northwest Peru.
Mr. Zúñiga stated: “This is a big day for BPZ Energy and for Peru. To have this kind of event here at the Presidential Palace is truly amazing. I was deeply honored to have the opportunity to speak before President Garcia, the leaders and management of Perupetro and on behalf of the various companies signing license contracts. As a native of Peru, I wanted to stress that BPZ Energy has been doing the right things here since the beginning of our operations to develop hydrocarbons, and to give back to the people and communities of Peru.” Mr. Zúñiga continued, “These two new license contracts will now allow us to implement the geologic models we have been developing during the past few years. We look forward providing more details on these two blocks as they become available.”
License contracts were signed by companies from seven countries; such as Pacific Stratus Energy and Talisman from Canada; BPZ Energy, Hunt Oil, Occidental Oil and Gas, and Vetra Peru from the United States; Ecopetrol from Colombia; Petro-Tech Peruana from Peru; Pan Andean Resources from Ireland; ZSN PE from Russia; PVEP Peru from Vietnam; and SK Energy from Korea. The 18 contracts signed during the ceremony were a record for Perupetro during any single event. Additional information on the latest licensing round in Peru can be found at www.perupetro. com.pe.
The license contracts were signed on Wednesday November 21, 2007 in a ceremony at the Presidential Palace hosted by the President of Peru, Mr. Alan Garcia. Present at the ceremony were representatives from 12 companies who signed 18 such license contracts for exploration and production of hydrocarbons in Peru. During the ceremony, broadcasted nationally on television and radio in Peru, President Garcia noted the companies involved would be investing in Peru’s economic growth and that the country welcomed this type of investment. Also, Manolo Zúñiga, President and Chief Executive Officer of BPZ Energy, was asked to address the attendees and the national television and radio audiences. Mr. Zúñiga stressed that each company in attendance has not only been afforded an opportunity, but a larger responsibility to do business the right way in Peru. He also applauded the leaders and staff at Perupetro, noting that they are very accessible and ready to assist all companies to
promote each company’s success.
The signing of Block XXII and Block XXIII completes the approximately 2.4 million acres, in conjunction with Blocks Z-1 and XIX, the Company initially plans to develop in northwest Peru.
Block XXII
This block covers approximately 948,000 acres and is located onshore in the Lancones basin, although its southern sector also covers the productive Talara basin of northwest Peru, near the Talara Refinery. During the initial seven-year exploration phase the company has committed to shoot 200 km of 2D seismic and drill 4 exploration wells. The term of the license contract is for 30 years in the case of oil and 40 years in case of gas. Royalties start at 15% if and when production is less than 5,000 barrels of oil equivent per day (boepd) and are capped at 30% if and when production surpasses 100,000 boepd.
Block XXIII
This block covers approximately 248,000 acres and is located onshore between the Company’s offshore Block Z-1 and onshore Block XIX in northwest Peru. This block is located in the Tumbes basin, although in its southern section Talara basin sediments maybe found deeper. The term and royalties are similar to those of Block XXII. During the initial seven-year exploration phase the company has committed to shoot 400 km of 2D seismic, 600 square km of 3D seismic, and drill 4 exploration wells.
Mr. Zúñiga stated: “This is a big day for BPZ Energy and for Peru. To have this kind of event here at the Presidential Palace is truly amazing. I was deeply honored to have the opportunity to speak before President Garcia, the leaders and management of Perupetro and on behalf of the various companies signing license contracts. As a native of Peru, I wanted to stress that BPZ Energy has been doing the right things here since the beginning of our operations to develop hydrocarbons, and to give back to the people and communities of Peru.” Mr. Zúñiga continued, “These two new license contracts will now allow us to implement the geologic models we have been developing during the past few years. We look forward providing more details on these two blocks as they become available.”
License contracts were signed by companies from seven countries; such as Pacific Stratus Energy and Talisman from Canada; BPZ Energy, Hunt Oil, Occidental Oil and Gas, and Vetra Peru from the United States; Ecopetrol from Colombia; Petro-Tech Peruana from Peru; Pan Andean Resources from Ireland; ZSN PE from Russia; PVEP Peru from Vietnam; and SK Energy from Korea. The 18 contracts signed during the ceremony were a record for Perupetro during any single event. Additional information on the latest licensing round in Peru can be found at www.perupetro. com.pe.
About BPZ Energy
Houston based BPZ Energy is an oil and gas exploration and production company which has exclusive license contracts for oil and gas exploration and production covering approximately 2.4 million acres in four properties in northwest Peru. It also owns a minority working interest in a producing property in southwest Ecuador. The Company is currently executing an integrated gas-to-power strategy, which includes generation and sale of electric power in Peru and sales of gas into Ecuador for third-party power generation, in parallel with the development of the Corvina oil discovery and the redevelopment of the Albacora oil field. The Company’s website at www.bpzenergy. com provides additional information about the Company’s plans, including photographs and other information with respect to its operations.
Forward Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 27E of the Securities Exchange Act of 1934. These forward looking statements are based on our current expectations about our company, our properties, our estimates of required capital expenditures and our industry. You can identify these forward-looking statements when you see us using words such as "expect," “will”, "anticipate, " "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward looking statements. Such uncertainties include the success of our project financing efforts, including final documentation and execution of debt financing documents with IFC, accuracy of well test results, well refurbishment efforts, successful production of
indicated reserves, and the successful management of our capital development project and other normal business risks. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.
U.S. investors are urged to consider closely the disclosure in our SEC filings, available from us at 580 Westlake Park Blvd., Suite 525 Houston, Texas 77079; Telephone: (281) 556-6200. You can also obtain these filings from the SEC by calling 1-800-SEC-0330.
http://investorshub .advfn.com/ boards/board. asp?board_ id=11449
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Recs: 4 US Senate Approves Peru Trade Agreement
Dec. 4 (Bloomberg) -- The Senate approved a free-trade agreement with Peru that may be the only such accord the Democratic-controlled Congress supports before next year's elections.
The Senate voted 77-18 for the agreement, one of the broadest majorities for a trade deal since President George W. Bush took office. The House approved the accord Nov. 8 in the first vote on trade since Democrats took control of Congress. The measure will now go to Bush, who urged its approval, for his signature.
``With the strong votes by both chambers of Congress, we are sending a strong signal to the world that the United States is regaining its bipartisan footing on trade policy,'' said U.S. Trade Representative Susan Schwab.
The agreement will eliminate tariffs and set rules of investment, boosting trade between the U.S. and Peru by $1.5 billion a year, as the U.S. opens the door for more Peruvian exports of asparagus and apparel and more American meat and grain can be sent to Peru.
It ``will create more employment by opening up Peru for industrialists to install plants here to supply the U.S. market,'' President Alan Garcia of Peru said in Lima today.
BZP Resources
Fuente: Reuters
MERCADOS - Materias Primas
BPZ Energy de EEUU producirá 8.000 bpd julio 08' Perú
(Agrega citas y datos)
LIMA, dic 13 . - La estadounidense BPZ Energy producirá unos 8.000 barriles diarios de crudo a partir de julio del 2008 en una reserva ubicada en la costa norte de Perú y ve un gran potencial en la explotación de sus yacimientos de gas, dijo el jueves un ejecutivo.
BPZ Energy posee la concesión de los lotes de hidrocarburos XIX, XXII, XXIII y Z-1 en la regiones de Tumbes y Piura en el norte de Perú, ambas limítrofes con Ecuador.
"A mediados del próximo año vamos a estar en 8.000 barriles, que es algo importante (...) Estos pozos son nuevos y están rindiendo muy bien", dijo a periodistas el presidente ejecutivo de BPZ, Manuel Zúñiga.
El ejecutivo precisó que el petróleo que producirán los pozos será de 23 grados API, "ligero y de buena calidad" para el promedio de la zona.
Actualmente la firma produce en fase de prueba unos 2.000 barriles por día (bpd), que espera incrementar gradualmente a lo largo del próximo año cuando complete la explotación de cuatro pozos en el lote Z-1, ubicado frente a la costa de Piura.
Para el 2008 la firma aspira concretar además dos préstamos de la Corporación Financiera Internacional, brazo financiero del Banco Mundial para el sector privado dependiente, por 150 millones de dólares, que servirán para explotar tres pozos de gas en el lote Z-1 y construir una planta termoeléctrica de 160 megavatios, que será alimentada por dicho yacimiento.
"Hay dos préstamos pendientes, uno de 35 millones y otro de 115 millones. El de 35 va ser para continuar la perforación y el de 115 será para la planta eléctrica. Ese lo esperamos cerrar para antes de medio año y de ahí le damos la luz verde a la construcción de la planta", añadió Zúñiga.
El ejecutivo estimó que la planta eléctrica empezaría a operar "12 meses después" de otorgado el préstamo y requerirá un suministro de unos 40 millones de pies cúbicos de gas por día.
Zuñiga refirió que la exploración de otros campos del lote Z-1, como Albacora, además de los lotes XIX y XXIII incrementarán su producción de petróleo y gas.
"Para mediados de 2009 nuestra meta es tener 8.000 bpd en (el campo de) Corvina, 8.000 bpd en Albacora y 40 millones de pies cúbicos (de gas)", refirió.
Estudios preliminares realizados por BPZ en sus lotes permiten vislumbrar un futuro "importante" para la explotación de gas natural en esa región de Perú, añadió Zúñiga.
"Nosotros esperamos en los próximos dos o tres años estar ahí para petroquímica, para la refinería de Talara, para la agroindustria", afirmó.
BPZ Energy Inc, con sede en Houston, opera en Perú desde el 2002 a través de la firma local BPZ Exploración y Producción.
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