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$BPZRQ out of Chapter 11 today? Big rally near
$BPZRQ out of Chapter 11 today? Big rally near
$BPZRQ out of Chapter 11 today? Big rally near
$BPZRQ gap up. Court meeting today. Out of Chapter 11 possible
$BPZRQ gap up. Court meeting today. Out of Chapter 11 possible
$BPZRQ out of Chapter 11 tomorrow?
$BPZRQ out of Chapter 11 tomorrow?
$BPZRQ out of Chapter 11 tomorrow?
Out of Chapter 11 tomorrow? Looks like
.05 about to fall
One of the holes not all. You forgot to put this
Block Z-1 production from the Corvina and Albacora fields for April has averaged 4,325 barrels of oil per day (bopd) gross, or 2,206 bopd net to BPZ Energy.
and this
A workover has begun on the Albacora A-27D well to perforate additional untested zones. This is expected to optimize production in the well, and also provide additional data for further evaluation of the deeper Zorritos reservoirs.
*dry? i see numbers and a better production each month
Great DD hinchback. Must read
Good close. Broke .04 resistance and held .043 almost high of day. Ready to take off
Soon. I am buying at .04 when they got rid of Chapter 11 ask will be .08
Good luck
No debt and more revenues. Up we go imo. I am buying 200k more shares today
Assets! Resources! Reserves!
http://ir.bpzenergy.com/releasedetail.cfm?releaseid=895487
BPZ Energy is an independent oil and gas exploration and production company with license contracts covering approximately 1.9 million net acres in four properties in northwest Peru.
Offshore Block Z-1 is producing oil from the Corvina field at the CX-11 and CX-15 platforms as well as the Albacora field platform. Development drilling campaigns resumed in late 2013 at the CX-15 (shown left) and at Albacora to develop each field's proved undeveloped oil reserves. A 1,600 square kilometer 3D seismic survey, which was initiated in 2012 and completed in early 2013, is better defining the exploration and development projects at the block. Operations at Block Z-1 are being conducted through a joint venture partnership with Pacific Rubiales Energy Corp.
Onshore, BPZ Energy holds a 100% interest in three blocks, where the focus has been on seismic data acquisition at Blocks XIX, XXII and XXIII to lay the groundwork for exploration drilling. In 2014 an exploration drilling campaign began at Block XXIII. The Company also owns a non operating net profits interest in a producing property in southwest Ecuador.
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
With no debts and $40 million in revenues per year who cares? I am fine with $0.40 per share
From May 4th 8k
The Company continues to engage in discussions with certain holders of debt under the Company’s outstanding convertible notes due March 1, 2015 and October 1, 2017 regarding, among other things, the potential terms under which one or both could be restructured to provide a capital structure which would allow the Company to continue developing its oil and gas assets and post-petition debtor-in-possession (DIP) financing. 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
http://ir.bpzenergy.com/secfiling.cfm?filingID=1437749-15-8781
BPZ Energy Announces Gas Discovery at Onshore Block XXIII and Discussions for Gas Sales Pilot Project
http://ir.bpzenergy.com/releasedetail.cfm?ReleaseID=879518
The Gas project ;)
I bet you will be back soon.
Good luck
That was not the question. Without debt this has great potential to make money
Doing math i get a pps of $0.40
And what would be the pps in that case?
.044 (420k) x .045 (48k) strong bid!
Why the 8k? They have options, looking for a better one but if not must accept April 23th proposal. Matter of time
$BPZRQ reestructure and pay debt (convertible notes)
$BPZRQ financing news anytime will remove Q. Court meeting on tuesday : "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 financing news anytime will remove Q. Court meeting on tuesday : "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 financing news anytime will remove Q. Court meeting on tuesday : "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
And you know this one will run without the Q right? Bought more shares yesterday. Court meeting on tuesday and i am sure we will see good news
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
In accordance with rules of the Securities and Exchange Commission (“SEC”), instead of mailing a printed copy of the Company’s proxy materials to shareholders, we may furnish proxy materials to the Company’s shareholders on the Internet by providing a Notice of Internet Availability of Proxy Materials (the “Notice of Internet Availability”) to shareholders when the materials are available on the Internet. The Company intends to commence its distribution of the Notice of Internet Availability on or about May 8, 2015. Shareholders receiving a Notice of Internet Availability by mail will not receive a printed copy of these proxy materials, unless they request it. Instead, the Notice of Internet Availability will instruct shareholders as to how they may access and review proxy materials on the Internet. Shareholders who receive a Notice of Internet Availability by mail who would like to receive a printed copy of the Company’s proxy materials, including a proxy card or voting instruction card, should follow the instructions for requesting these materials included on the Notice of Internet Availability.
Up we go RTQ $0.042
+14.3%
Alfa buying Pacific Rubiales to indirectly get BPZ ENERGY? Two years ago mexicans tried to buy an Oil company in Peru
Oil to $70 our $BPZRQ to .10?
Will do. Check filings Anual shareholders meeting June 19th. We will see proxy on friday. One question is about future investments
Funding or Merge news before Court meeting imo. Buy before next tuesday. Leaving Q
Hope you guys bought $BPZRQ 0.047 today. Just the beginning
$BPZRQ leaving Q?
RTQ $0.047 up 19%
$BPZRQ exploding