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CDEL selling to CDEL at bid to scare people
Hey guys check this! FCG ADVISORS Top 10 13F Holdings in Q1 2015
Important Position Changes
Top 10 Q1 2015 New Positions: Cover (COVR), Ishares International (IDV), Alibaba Group Hldg Ltd (BABA), Receptos Inc Com Usd0.001 (RCPT), Icici Bank Limited Adr Each Repr 2 Ord (IBN) and Bpz Resources Inc Com (BPZ).
Read more: http://www.octafinance.com/fcg-advisors-top-10-13f-holdings-in-q1-2015/55252/#ixzz3ab1nyzMe
Block XXII – Active Hydrocarbon System in Place
This block covers approximately 948,000 acres and is located onshore in the Lancones Basin of northwest Peru near the Talara Refinery. We signed this block into a license contract in November 2007. Our activity in this area is in the exploratory phase. We have reprocessed 2-D seismic data and have conducted a new geochemical survey indicating the presence of hydrocarbons. Our team has mapped large structures in the northern part of the block targeting the Paleozoic formation. In the southern section there are several previously drilled wells whose logs indicate pay in known producing formations. This area is a known and active hydrocarbon system, with nearby oil production from the Portachuelo Oil Field, the San Pedro Oil Field (offshore) and the La Isla Oil Field. Block XXII is the Company’s most highly prospective play with significant light crude oil potential, and we are currently acquiring 2-D seismic in the Block.
http://bpzenergy.com/Exploration/BlockXXII/tabid/79/Default.aspx
Peruvian electricity demand continues to grow, fueled by the growth of the economy as well as the mining sector. Although the majority of the country’s generation capacity is from hydroelectric projects, its reliability is limited, which creates a tremendous opportunity for a Corvina field Gas-to-Power project to meet growing demand.
We are reviewing the Gas-to-Power project, which consists of constructing a 135 MW gas-fired power plant at Nueva Esperanza (New Hope), near the coastal town of Caleta Cruz in northwest Peru, just 10 miles from the offshore Corvina gas field. The power plant will be strategically located next to key electrical infrastructure for connecting to the power grid of Peru. The first 135 MW will require approximately 24 Mmcfd of natural gas. As independent reserves reports indicate, we should have ample productive capacity to fuel this plant for up to 20 years.
The Gas-to-Power initiative gives us a market for our regionally produced natural gas, transforming it into value-added electrical power that can be distributed and sold to local and regional power consuming markets. Participating in the full supply chain, from upstream production, to the distribution of gas to consumer and industrial users, to power generation, gives BPZ multiple avenues for creating value for customers and shareholders. It also establishes BPZ as an experienced integrated Gas-to-Power company capable of tapping other large stranded gas reserves found throughout South America.
http://bpzenergy.com/GastoPower/tabid/74/Default.aspx
Up it goes. NITE moved to .05 after 500 shares buy at the ask .0465 yes 500 shares! Now a small wall at .05 then .054 no shares available
Who sells 3 shares at bid? Lol pathetic manipulation. Smell good news near
500 shares at the ask and VNDM moved. RTQ .049 now
No sellers below .054 got it?
Who sells 297 shares at bid? Lol manipulation is so obvious. Love it because means buy interest
I love when board start to move. I see buy interest
Our current activities and related planning are focused on the following objectives:
?
At Block Z-1 with our joint venture partner, Pacific Rubiales;
?
Optimizing oil production in the Corvina and Albacora fields in Block Z-1, through a low cost workover program and infrastructure improvements;
?
Analyzing the data from the 3-D seismic survey in Block Z-1 to guide further exploration and development activities within the Block;
?
Exploring the remainder of the Block, starting with the Delfin and Piedra Redonda prospects where we have received the permits to install platforms and begin exploratory drilling; and
?
Reviewing the offshore development drilling campaign from the Corvina CX-15 platform and Albacora platform in light of the current low oil price environment and drilling results;
?
Continuing acquisition, processing and interpretation of seismic data to better understand the characteristics and potential of our onshore properties;
?
Executing a testing program of our gas discovery in Block XXIII, and planning a drilling program if the testing program warrants;
?
Planning and permitting an onshore drilling campaign to explore and appraise Block XXII and meet our applicable license requirements;
?
Identifying potential partners for our other operations; and
?
Continuing business development efforts for our gas-to-power project to monetize our natural gas resources, which we have identified in the Corvina field but for which no market has yet been secured and related financing has yet to be obtained.
Our activities in Peru include analysis and evaluation of technical data on our properties, preparation of the development plans for the properties, meeting requirements under the license contracts, procuring equipment for an extended drilling campaign, obtaining all necessary environmental, technical and operating permits, optimizing current production and obtaining preliminary engineering and design of the power plant and gas processing facilities.
Our Business Plan
Our business plan is to enhance value through application of our knowledge of our targeted areas in Peru and to leverage management’s experience with the local suppliers and regulatory authorities to effectively and efficiently (i) identify and quantify the potential value of our oil and gas holdings in Peru; (ii) develop and increase production and cash flows from our identified holdings; (iii) create an additional revenue stream through implementation of our gas marketing strategy and (iv) bring working interest partners into some or all of our Peruvian blocks to facilitate the exploration and development of these blocks.
Our focus is to reappraise and develop properties that we control under license agreements in northwest Peru that have been explored by other companies that have reservoirs that appear to contain commercially productive quantities of oil and gas, as well as other areas that have geological formations that we believe potentially contain commercial amounts of hydrocarbons.
Our management team has extensive engineering, geological, geophysical, technical and operational experience and valuable knowledge of oil and gas operations throughout Latin America and, in particular, Peru.
Two of the four blocks (Block Z-1 and Block XXIII) contain structures drilled by previous operators who encountered hydrocarbons. However, at the time the wells were drilled, the operators did not consider it economically feasible to produce those hydrocarbons. Having tested oil in Block Z-1 in our first well in the Corvina field in 2007 and our first well in Albacora in December 2009, we are focusing on development of the proved oil reserves in those two fields. Before considering further drilling activity in Block XIX, we are planning to acquire additional seismic data. In Block XXII, the process for an environmental permit is underway and approval must be received before anticipated drilling can begin in 2016. Three onshore shallow exploration wells, ranging in depth from 3,500 to 3,800 feet, were drilled in Block XXIII during 2014. These wells targeted the Caracol, El Cardo, and Piedra Candela prospects, which are on a six-mile trend. All three wells tested dry gas from the Mancora formation.
In the near term, management is focused on drilling operations at both the CX-15 platform in the Corvina field and at the A platform in the Albacora field, utilizing the results of the 1,600 square kilometers (“km”) of three dimensional (“3-D”) seismic survey in Block Z-1. We plan to pursue a long-term testing program in the Block XXIII prospects and are in preliminary discussions with a local compressed natural gas (CNG) distributor to purchase the gas produced as a result of the long-term testing program. Additional appraisal wells could be included in the long-term testing program if test results warrant.
In addition, our business plan includes a gas-to-power project as part of our overall gas marketing strategy, which entails the installation of a 10-mile gas pipeline from the CX-11 platform to shore, the construction of gas processing facilities and the building of an approximately 135 megawatt (“MW”) simple cycle electric generating plant. The proposed power plant site is located adjacent to an existing substation and power transmission lines. The power generation facility may be wholly or partially owned by us, or wholly owned by a third party. The gas-to-power project is planned to generate a revenue stream by creating a market for the non-associated gas in our Corvina field that is currently shut-in. This project has not yet been financed and we continue to consider the alternatives for the project. Meanwhile, we have obtained certain permits and are in the process of obtaining additional permits to proceed with the project.
We are an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. We also intend to utilize part of our planned future natural gas production as a supply source for the development of a gas-fired power generation facility in Peru, which may be wholly– owned or partially-owned, or may be wholly-owned by a third party. We have the license agreements for oil and gas exploration and production covering approximately 2.2 million gross (1.9 million net) acres in four blocks in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. We also own a 10% non-operating net profits interest in an oil and gas producing property, Block 2, located in the southwest region of Ecuador.
$BPZRQ healthy consolidation. Bullish chart
http://stockcharts.com/h-sc/ui?s=BPZRQ
Well well well. Seems this is growing. Big buyers in trouble no sellers below .055 one good news and kaboom!
2015 Debt is $60 million aprox so if bonds owed will convert into 42.1 million shares means $1.45/share. That would be really great. I am holding 600,000 shares planning to buy more tomorrow
Level 2 tells all. No real sellers. Only NITE market maker looking for sellers. They continue at .054 last hour rally? Will see
Same tricks like yesterday and last days to get sellers. Then buy all at the ask. Hold guys
Peruvian contracts are only for BPZ Energy so Pacific Rubiales can not take the company but a big position. Company must survive if not both will lose all. I expect a similar deal (like Z-1) for Gas project that will give cash to BPZ Energy
Our current activities and related planning are focused on the following objectives:
?
At Block Z-1 with our joint venture partner, Pacific Rubiales;
?
Optimizing oil production in the Corvina and Albacora fields in Block Z-1, through a low cost workover program and infrastructure improvements;
?
Analyzing the data from the 3-D seismic survey in Block Z-1 to guide further exploration and development activities within the Block;
?
Exploring the remainder of the Block, starting with the Delfin and Piedra Redonda prospects where we have received the permits to install platforms and begin exploratory drilling; and
?
Reviewing the offshore development drilling campaign from the Corvina CX-15 platform and Albacora platform in light of the current low oil price environment and drilling results;
?
Continuing acquisition, processing and interpretation of seismic data to better understand the characteristics and potential of our onshore properties;
?
Executing a testing program of our gas discovery in Block XXIII, and planning a drilling program if the testing program warrants;
?
Planning and permitting an onshore drilling campaign to explore and appraise Block XXII and meet our applicable license requirements;
?
Identifying potential partners for our other operations; and
?
Continuing business development efforts for our gas-to-power project to monetize our natural gas resources, which we have identified in the Corvina field but for which no market has yet been secured and related financing has yet to be obtained.
Our activities in Peru include analysis and evaluation of technical data on our properties, preparation of the development plans for the properties, meeting requirements under the license contracts, procuring equipment for an extended drilling campaign, obtaining all necessary environmental, technical and operating permits, optimizing current production and obtaining preliminary engineering and design of the power plant and gas processing facilities.
Our Business Plan
Our business plan is to enhance value through application of our knowledge of our targeted areas in Peru and to leverage management’s experience with the local suppliers and regulatory authorities to effectively and efficiently (i) identify and quantify the potential value of our oil and gas holdings in Peru; (ii) develop and increase production and cash flows from our identified holdings; (iii) create an additional revenue stream through implementation of our gas marketing strategy and (iv) bring working interest partners into some or all of our Peruvian blocks to facilitate the exploration and development of these blocks.
Our focus is to reappraise and develop properties that we control under license agreements in northwest Peru that have been explored by other companies that have reservoirs that appear to contain commercially productive quantities of oil and gas, as well as other areas that have geological formations that we believe potentially contain commercial amounts of hydrocarbons.
Our management team has extensive engineering, geological, geophysical, technical and operational experience and valuable knowledge of oil and gas operations throughout Latin America and, in particular, Peru.
Two of the four blocks (Block Z-1 and Block XXIII) contain structures drilled by previous operators who encountered hydrocarbons. However, at the time the wells were drilled, the operators did not consider it economically feasible to produce those hydrocarbons. Having tested oil in Block Z-1 in our first well in the Corvina field in 2007 and our first well in Albacora in December 2009, we are focusing on development of the proved oil reserves in those two fields. Before considering further drilling activity in Block XIX, we are planning to acquire additional seismic data. In Block XXII, the process for an environmental permit is underway and approval must be received before anticipated drilling can begin in 2016. Three onshore shallow exploration wells, ranging in depth from 3,500 to 3,800 feet, were drilled in Block XXIII during 2014. These wells targeted the Caracol, El Cardo, and Piedra Candela prospects, which are on a six-mile trend. All three wells tested dry gas from the Mancora formation.
In the near term, management is focused on drilling operations at both the CX-15 platform in the Corvina field and at the A platform in the Albacora field, utilizing the results of the 1,600 square kilometers (“km”) of three dimensional (“3-D”) seismic survey in Block Z-1. We plan to pursue a long-term testing program in the Block XXIII prospects and are in preliminary discussions with a local compressed natural gas (CNG) distributor to purchase the gas produced as a result of the long-term testing program. Additional appraisal wells could be included in the long-term testing program if test results warrant.
In addition, our business plan includes a gas-to-power project as part of our overall gas marketing strategy, which entails the installation of a 10-mile gas pipeline from the CX-11 platform to shore, the construction of gas processing facilities and the building of an approximately 135 megawatt (“MW”) simple cycle electric generating plant. The proposed power plant site is located adjacent to an existing substation and power transmission lines. The power generation facility may be wholly or partially owned by us, or wholly owned by a third party. The gas-to-power project is planned to generate a revenue stream by creating a market for the non-associated gas in our Corvina field that is currently shut-in. This project has not yet been financed and we continue to consider the alternatives for the project. Meanwhile, we have obtained certain permits and are in the process of obtaining additional permits to proceed with the project.
We are an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. We also intend to utilize part of our planned future natural gas production as a supply source for the development of a gas-fired power generation facility in Peru, which may be wholly– owned or partially-owned, or may be wholly-owned by a third party. We have the license agreements for oil and gas exploration and production covering approximately 2.2 million gross (1.9 million net) acres in four blocks in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. We also own a 10% non-operating net profits interest in an oil and gas producing property, Block 2, located in the southwest region of Ecuador.
Pacific Rubiales is the key. They spent already $300 million in Block Z-1
Chart here. Going to MA200. Very bullish
http://stockcharts.com/h-sc/ui?s=BPZRQ
I disagree. They are not going to lose control of the company. I still bet we are negotiating with a partner to work in Gas project. That will give cash to BPZ Energy to pay debts and leave Chapter 11. While pps continue raising and i continue making $$$$$$$ we are near .10 now stay tuned. North we go
Healthy dip remember we are up 100% from .026 bottom. But expect end of day big buys like last days
And big buys continue mmmmm. If not this week who cares? Still cheap imo pretty undervalue
Btw yesterday Court meeting was not to remove Q (was a possible) but to present claims
$BPZRQ no sellers. Float almost gone. Buy your tickets at the ask cheap before company out of Chapter 11
$BPZRQ no sellers. Float almost gone. Buy your tickets at the ask cheap before company out of Chapter 11
No sellers. Float almost gone. Buy your tickets at the ask cheap before company out of Chapter 11
$BPZRQ news anytime: "On or about April 23, 2015, a group of convertible note holders presented a proposed DIP financing term sheet to the Company that was non-binding in nature. The Company has rejected the proposed DIP financing offer, and the Company and its convertible note holders continue to discuss potential financing opportunities. In connection with these discussions, the Company provided unaudited financial projections and other information to certain third parties that entered into non-disclosure agreements with the Company, including certain holders of the Company’s convertible notes and potential investors and their respective advisors and representatives. The projections and other information, which are included in the presentation materials attached hereto as Exhibits 99.1 and 99.2, were prepared solely in connection with discussions with debt holders and potential investors and are included herein only because they were provided to such debt holders and potential investors. The projections and other information were not prepared with a view toward public disclosure or compliance with the published guidelines of the Securities and Exchange Commission or the guidelines established by the American Institute of Certified Public Accountants regarding projections or forecasts. The projections do not purport to present financial condition in accordance with accounting principles generally accepted in the United States. The Company’s independent accountants have not examined, compiled or otherwise applied procedures to the projections and, accordingly, do not express an opinion or any other form of assurance with respect to the projections"
http://ir.bpzenergy.com/secfiling.cfm?filingID=1437749-15-8781
May 4th 8k
$BPZRQ news anytime: "On or about April 23, 2015, a group of convertible note holders presented a proposed DIP financing term sheet to the Company that was non-binding in nature. The Company has rejected the proposed DIP financing offer, and the Company and its convertible note holders continue to discuss potential financing opportunities. In connection with these discussions, the Company provided unaudited financial projections and other information to certain third parties that entered into non-disclosure agreements with the Company, including certain holders of the Company’s convertible notes and potential investors and their respective advisors and representatives. The projections and other information, which are included in the presentation materials attached hereto as Exhibits 99.1 and 99.2, were prepared solely in connection with discussions with debt holders and potential investors and are included herein only because they were provided to such debt holders and potential investors. The projections and other information were not prepared with a view toward public disclosure or compliance with the published guidelines of the Securities and Exchange Commission or the guidelines established by the American Institute of Certified Public Accountants regarding projections or forecasts. The projections do not purport to present financial condition in accordance with accounting principles generally accepted in the United States. The Company’s independent accountants have not examined, compiled or otherwise applied procedures to the projections and, accordingly, do not express an opinion or any other form of assurance with respect to the projections"
http://ir.bpzenergy.com/secfiling.cfm?filingID=1437749-15-8781
May 4th 8k
Add $BPZRQ out of Chapter 11 soon
$BPZRQ---Keep an eye on it. climbing steady. Looks like it wants to fill that air @.06. Look for .08 break for .10 opp
$BPZRQ---Keep an eye on it. climbing steady. Looks like it wants to fill that air @.06. Look for .08 break for .10 opp
$BPZRQ---Keep an eye on it. climbing steady. Looks like it wants to fill that air @.06. Look for .08 break for .10 opp
$BPZRQ love bullish chart. Out of Chapter 11 today?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113567171
$BPZRQ love bullish chart. Out of Chapter 11 today?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113567171
$BPZRQ love bullish chart
$BPZRQ market makers out of shares. Matter of time. Pretty undervalue. Chapter 11 meet at this moment
Yes $BPZRQ market makers out of shares. Matter of time. Pretty undervalue
.052 falling .0499 x .052 Resistance gone. Bullish bid
.05 gone. No shares available. Going to .10