BPZ Energy Announces $50 Million 2011 Capital Expenditures Plan

BPZ Resources, Inc. announces the 2011 capital expenditures plan, approximating $50 million, for continued development of the Company’s assets in northwest Peru. The majority of the capital budget is expected to be spent on offshore Block Z-1, primarily for the design and construction of an additional production platform for the Corvina oil field;... 

BPZ Energy Closes $44 Million Private Placement of Common Stock

BPZ Resources, Inc. announced that it closed the previously announced private placement of common stock for gross proceeds of approximately $43.6 million. The Company sold approximately 14.3 million shares to institutional and accredited investors at a price of $3.05 per share pursuant to a Stock Purchase Agreement dated as of February 19, 2009. Additionally,...