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OIL IS FLYING , BPZ COULD DO BETTER !!!
http://www.bloomberg.com/news/articles/2015-04-16/pacific-rubiales-extends-weekly-gain-to-51-as-alfa-bets-renewed
if alfa group takes over pacific rubiales , what does it mean for BPZ.
sounds good; how much did PRE got from that 12% sale.
what kind of agreement or resolution can we expect from the court meeting.
is a reverse split and payment of the notes with common stock a posibility?
comments please.
bpz production for january and february 2015 , data from PERUPETRO.
according to this document BPZ has increased production.
http://www.perupetro.com.pe/wps/wcm/connect/41181db6-7875-4233-ae1c-f9661e77e5a1/FEBRERO+THE+LAST.pdf?MOD=AJPERES
scroll page 12.
and reading Bpz Energy Reports Third Quarter 2014 Financial Results and Operational Update they say they plan to exit 2014 with a production rate
between 6500/7000 gross BOPD , or 3,315 to 3,570 bopd net to BPZ.
http://ir.bpzenergy.com/releasedetail.cfm?ReleaseID=881395
in january they produced 120,021 bopd according to perupetro.
NEWS FROM PERU:
as we can see when there is a will there is a way; Maple Energy is an
energy company with operations in Peru . lately they defaulted in there
debt that was used to build an ETHANOL plant in the north of PERU.
EL Grupo Gloria one of the biggest and stongest economic groups in Peru
has decided to buy the Plant for $108'000,000.
That can give us an idea of the real asset value of BPZ .
http://revistaoronegro.com/2015/04/grupo-gloria-compra-negocio-de-etanol-de-maple-energy-en-el-peru/
Oil investments in Peru are increasing even with oil prices down.
creditors
http://www.kccllc.net/bpz/document/1560016150318000000000002
may 12 , 10.00am.
hearing agenda was march 10 , 1.00p,pm.
http://www.kccllc.net/bpz/document/1560016150309000000000009
I remember in 2009 how Ecopetrol together with KNOC bought Petrotech
for 900 million.
http://lta.reuters.com/article/domesticNews/idLTASIE5151GJ20090206?pageNumber=1&virtualBrandChannel=0
At this market cap BPZ is an easy target; Pacific Rubiales can buy it but
if I can choose a potencial buyer is CNPC , CHINESE NATIONAL PETROL CO.
http://revistaoronegro.com/2014/03/sapet-obtiene-el-26-de-la-produccion-de-hidrocarburos-en-el-peru/
they bought petrobras operations in Peru for more than 2 billion usd and they have a compromise with the peruvian Gov.to keep investing.
http://peru21.pe/economia/peru-pidio-compromiso-inversion-petrolera-china-cnpc-2159423
http://finance.yahoo.com/news/bpz-resources-files-chapter-11-224226230.html
if we reed the second paragraph : " they want to stay in business"
I really want to beleive them , but zuniga said 3 months ago when the
warning of delisting was published and i quote his words " we will do
everything to take the stock over $1.00 and the current price doesn't
reflect the value of the company.
cross my fingers and hope for the best outcome.
!!!!!!
people you are forgetting that 49% of everything in Block Z-1 is owned
by Pacific Rubiales .
with this kind of publications I think nobody in their more pesimistic
views could imagine a stand by like this:
http://www.revistaoronegro.com/revistas/novena-edicion/novena-edicion.pdf
SCROLL UNTIL YOU REACH PAGE 20
AND :http://gestion.pe/empresas/bpz-tiene-pendiente-invertir-us-90-millones-proyecto-central-termoelectrica-2118399
I WONDER WHAT HAS TO SAY ABOUT ALL THIS PACIFIC RUBIALES, REMEMBER THEY
GAVE $150 MILLON CASH FOR 49% OF BLOCK Z-1 , PLUS ALL THE INVESTMENT
ONCE SIGNED THE AGREEMENT HAS TO BE DONE BY THEM .
SO IS REALLY DIFFICULT TO UNDERSTAND IN TWO MONTHS NOTHING WAS SOLVED
TO AVOID ALL THIS PROBLEM .
All this situation came with a more than expected drop in the price of oil.
the saudis although have a very low cost of production , they need $100
for there oil in order to balance there national budget.
they have at this moment a nice cushion that alouds them to play this game but not for too long.
Now BPZ under other circumstances($80/100 oil) was capable of making a new bond issue until 2019 as it was planned.
Bpz has stated that the default of the 2015 bond will trigger also the
default of the 2017 bond ; all that adds more than 200 million and the 2 rigs or platform that they have in block z-1 plus some boats and equipment
don't add that amount and we have to consider that Pacific is the owner of
49% of all that.
The value of Bpz is in the oil and gas under ground so IMHO the holders of
the bonds take the shares in payment or go to a long litigation.
and also IMHO if the deal is struck the stock will go back in the
$ 1.00 range in a short time so bond holders will have value in this
swap ; also lets consider that oil can climb back in the next months.
what I know is that the 2015 and the 2017 are both convertible bonds.
convertible bonds :
http://www.investopedia.com/terms/c/convertiblebond.asp
I THINK ITS A MUST TO PUBLISH FINANCIALS, THEY ARE TRYING TO RESTRUCTURE
THE DEBT THEY MUST SHOW RESPONSABILTY AND SERIOUSNESS .
AND THAT THEY ARE ABSOLUTELY A VIABLE BUSINESS.
THEY HAVE TO PULL OUT OF THIS SITUATION, THEY HAVE A JOINT VENTURE PARTNER (PACIFIC RUBIALES)THAT BOUGHT 49% OF BLOCK Z-1 AND GAVE $150MILLION CASH
AND ALSO MAKING ALL THE INVESTMENTS IN BLOCK Z-1.
your welcomed fergo.
and today the nyse confirmed my comment .
bpz has until june 8 .
http://finance.yahoo.com/news/bpz-resources-inc-receives-continued-141500356.html
If a company’s stock violates the minimum price requirement under the continued listing standards, the NYSE cuts it some slack. The NYSE formally notifies the company and gives it six months to bring its stock price and average closing price up above $1. This means a stock can potentially trade for less than $1 on the NYSE for several months before either regaining compliance or being delisted. Even if it regains compliance, it still might fall below $1 again.
Considerations
If a stock trades on the NYSE for less than $1, the company that issued the stock might be in financial trouble. Although the NYSE requires a stock to have a $4 minimum price to initially list on the exchange, many stocks debut on the exchange at a higher price. A stock that has fallen from $4 or higher to less than $1 has lost significant value -- and probably for a reason. Always review a company’s financials to get the full story before investing.
I contact him in october .
ask him about financials and the situation with the SEC, sales, etc.
This was his reply :
Unfortunately we can’t give you any estimate for future company disclosures. We appreciate your interest and want you to know we are busy making PharmPods and operating our business as usual.
We actually sent two pods to Reno, NV about a week ago and didn’t get them up to Facebook. Sorry about that!. We’ll be sure to get the next ones up for everyone to see.
Thanks again,
Kyle Bruin - COO
FusionPharm Inc.
you can contact this person:
Kyle Bruin
kbruin@fusionpharminc.com
Boulder, Colorado
oregon, district of columbia and alaska !!!!
http://www.bloomberg.com/news/2014-11-05/marijuana-use-legalized-in-oregon-district-of-columbia.html
oregon, alaska and district of columbia.
http://www.bloomberg.com/news/2014-11-05/marijuana-use-legalized-in-oregon-district-of-columbia.html
lost faith in this company.
even the facebook and twitter show no activity and fresh info.
I wrote an email to fspm , they respond as follows:
Thank you for emailing us. We know you’re hoping for new information that isn’t already out there. As I’m sure you know we can’t give specific financial information or forward notice of a press release to individual investors, but what we can say is that we are working on our financial statements and continue to operate and grow our business. Due to the on going nature of the SEC investigation we cannot comment on its status at this time. We know this doesn’t help shed much detail on what your asking for, but we wanted to let you know that there are real people here answering the phones and email and working hard to make FusionPharm a success. We hope to be able to comment more on these in the future and encourage you to continue to monitor OTCMarkets for updates.
If we can clarify any information that is already out there or anything specific to what we do at FusionPharm please let us know.
Sincerely,
Kyle Bruin - COO
FusionPharm Inc.
5850 E 58th Ave, Unit F
Commerce City, CO 80022
(303) 287-9013
http://www.freightfarms.com/
a different corporation
florida is key for mj business.
population 20million , elderly 20% of pop.
new york times articles:
http://www.nytimes.com/interactive/2014/07/27/opinion/sunday/high-time-marijuana-legalization.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region®ion=c-column-top-span-region&WT.nav=c-column-top-span-region
http://www.nytimes.com/2014/07/29/opinion/high-time-the-injustice-of-marijuana-arrests.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region®ion=c-column-top-span-region&WT.nav=c-column-top-span-region
http://takingnote.blogs.nytimes.com/2014/07/28/timing-the-call-to-repeal-marijuana/?_php=true&_type=blogs&hp&action=click&pgtype=Homepage&module=c-column-top-span-region®ion=c-column-top-span-region&WT.nav=c-column-top-span-region&_r=0
november, florida votes to aprove medical mj.
http://www.forthepeople.com/featured-news/john-morgan-and-medical-marijuana
PHOT is working its way back, 100% increase in 2 days.
important moves in the principal officers and directors.
bringing to the board an important financial executive.
willingness to fix things and retore confidence.
that's what we need from FSPM .
another mj stock suspended by the sec, and some hope for PHOT stock
it gain almost 40% last friday.
http://seekingalpha.com/article/2237913-sec-suspends-fortitude-group-yet-cannabis-stocks-rally
for respect to stock holders of this company
a statement or at least a brief note was required the same day
the stock was suspended or during the weekend.