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Monday, 01/28/2008 4:33:51 PM

Monday, January 28, 2008 4:33:51 PM

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C. K. Cooper & Company Initiates Coverage on BPZ Resources, Inc.
IRVINE, Calif., Jan 28 /PRNewswire/ -- C. K. Cooper & Company, an independent, full-service investment bank focused on the energy sector and headquartered in Irvine, California announced today that it has initiated coverage on BPZ Resources, Inc. (Amex: BZP).

'We estimate BPZ's share price doesn't adequately reflect value for reserve potential at the Albacora field,' said Sven Del Pozzo, Senior Research Analyst at C. K. Cooper & Company. 'Current accumulation of shares would secure the value of assets other than 3P reserves at the Corvina Field at little to no cost.'

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