Current BPZ Stock Info

BPZ Energy (ticker: BPZ) is exploring and producing from licensed contracts covering approximately 2.2 million gross acres in four properties in northwest Peru. One short year ago, a strategic inflection point for BPZ Energy was identified by OAG360. BPZ announced a long-awaited joint venture with Pacific Rubiales Energy Corp. (ticker: PRE:CA) for the development of BPZ’s offshore Block Z-1.

Pacific Rubiales paid BPZ $150 million in cash and committed $185 million for BPZ’s share of capital and exploratory expenditures in Block Z-1 in exchange...

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