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new to this board , but long with cytrx , wonder if you folks can enlight me now that the rs was approved.
my first thought at this price and with no news can it make the 10 trading days over $1 , or they will try to walk it up to maybe 60,70 or even 80 cnts and then make the RS.
OS will be like 27 or 28 million past RS , reverse merger was discussed in all the boards but RS had to me a must in order for the RM to go through .
You guys think RM is on the table .
Buyout even a cheap one, now with the rs can also be a posibilty?
thanks.
A personal agenda or a direct coordination with somebody that represents the main entity that will see SOC been replaced in all its uses by
Aldox and the economic consequences of that transition.
Dox has been the SOC for many decades.
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A Warren Buffet company that creates cannabis industry mezzanines that
can increase the amount of marijuana growing space by 100 and 200 percent.
Perupetro.
Perupetro anounced today that in the early months of 2016 will concession
6 offshore blocks that recently made the seismic data.
One of those has to be Z-1.
http://www.bloomberg.com/news/articles/2015-01-29/blackstone-scrambling-to-invest-in-energy-assets-james-says
http://fuelfix.com/blog/2015/02/23/blackstone-to-pour-9-billion-into-struggling-energy-industry/
http://www.ft.com/intl/fastft/268312/blackstones-gso-sets-up-funds-target-energy-distress
http://www.reuters.com/article/2015/01/27/us-blackstone-energyfund-idUSKBN0L00D420150127
http://www.wallstreetdaily.com/2015/02/18/private-equity-firms-oil-price/
thats why they hired blackstone.
blackstone among other things invest in distressed oil companies.
so they know what bpz is worth.
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new story in that paper called "GATO ENCERRADO"
LOOKS LIKE ZOEGER IS THE TROJAN HORSE NOT ONLY FOR BPZ BUT ALSO FOR PACIFIC RUBIALES(NOW PACIFIC EXPLORATION AND PRODUCTION CO.)
FIELD 192 THE MOST IMPORTANT OIL FIELD WAS RECENTLY GRANTED TO PACIFIC.
Estudio Ferrero Abogados represents the creditors committee in Peru.
they have to be aware of the conflict of interest.
http://www.ferrero.com.pe/es/
http://www.investopedia.com/terms/t/tunneling.asp
lets hope for the U.S. civil law to stop this.
who follows a stock that in his opinion has no hope.
I wouldn't .
I am reading the peruvian energy law, time is running out for bpz to
transfer; i am starting to wonder if the election of the new PP chief is too convinient and is a trojan horse for you know who.
28 days to be exact.
Another reason why this deal won't go through.
BPZ is not paying its share of the JOA , but is receiving its share
of the sale of oil(51%) to PETROPERU, and that is because nothing has
changed so far with the contracts that PERUPETRO has signed with BPZ.
So they are netting all BPD , no capex for them.
Pacific is paying everything.
new formula chach ????
keep dreaming or might say keep deceiving !!!
The board and management of Bpz are history.
The creditors committee and the trustee will decide the faith of this
company; they will control the company , appoint new board and management
and merge BPZ with another oil company .
The natural choice Pacifc Exploration (Pacific Rubiales) that owns 49%
of block Z-1 and is the responsible for the increase in production.
The debtor(bpz) requested a new hearing for october 23 and the Committee
requested another hearing for october 26 regarding the service of
Blackstone Advisory Partners.
If funding is needed that's were Blackstone come's in.
Who owns the blocks??? Not Bpz , Peru owns the blocks Peru decides
to whom the blocks will be awarded and without the blocks no deal or sale
will go through.
interesting, now that bpz is BK, production in block Z-1 in increasing
like never before ; the first 9 days of september total 142,618 BPD.
a daily average of 15,846 BPD.
This game is not over , too much value in this company
and also too much debt $230million , that the creditors won't let go.
I am looking at this very moment the PERUPETRO web page.
The daily oil production from the oil Co's in Peru.
Block Z-1 still remains under Bpz name , and daily oil production in
august was 5249 barrels per day ; and in september a significant increase
of 8940 barrels per day .
thanks for your concern.
They had the money to pay the credit note due mid 2015 and decide not
to do it , instead they filed Ch11 .
From that moment everything was under supervision of the court.
They even stop paying their share of the cash needed for block z-1
that forced pacific to take them to court in N.Y.
so they owe to the committee 230million and they owe pacific 20million
and you think nothing will happen?????
Bpz decided not to pay but thay doesn't mean the creditors will abdicate
their right to sue.
where did they get that kind of money to spent???
so they don't pay the dept that trigger the default and then the Bk
but they have money for other expenses to spend.
You think the committee are that stupid.
The committee will sue in the U.S. and in Peru thats why they hired
Ferrero Lawyers in Peru and lawywers in the U.S.
They will control Bpz.
Maybe pacific stratus energy the subsidiary of pacific rubiales in Peru
will work a deal with the committee of unsecured debt to absorb or merge
with bpz; they recently change their name to Pacific Exploration and Production Corporation to reflect a broader focus in south america.
they just received from the peruvian goverment the authorization to
operate the Lote 192 (field 192) that is the most important source
of oil production in Peru, accounts for 20% of the total oil production
in Peru.
It would make perfect sense they share interest in block Z1 , the committee
will probably want that bpz stay in business but now runned by a much better management more profesional and with ethics.
And Pacific has to return to the Colombian goverment next year the Rubiales
fielf their biggets source of oil production and income so they need to
broad their production areas.
All this IMHO.
http://finance.yahoo.com/news/pacific-rubiales-announces-corporate-name-100000609.html
today court papers
http://www.kccllc.net/bpz/document/1560016150818000000000001
the committee for unsecured debt.
bonds value was over 200 million , I find it hard to beleive a new lawsuit
is not on its way !!!
zoeger's email
rzoeger@perupetro.com.pe
if someone wants to write him.