1 Apr 2008director interest notice● Neutral
BPZ RESOURCES, INC. CFO Caminos Edward G sold 35,000 shares at $21.15.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Mar 2008material agreement● NeutralMajor
On March 19, 2008 the company agreed to sell 2,000,000 new shares to underwriters led by Canaccord Adams at $18.83 each, offered to the public at $20.00, with an option for 200,000 more. The company says proceeds are about $37.6 million after underwriters' discounts, which adds shares for existing holders; the press release lists uses including reducing debt, capital spending and working capital.
20 Mar 2008securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
18 Mar 2008securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
14 Feb 2008substantial holder notice● Neutral
Wellington Management Company, LLP reported a BPZ RESOURCES, INC. shareholding of 4,465,600 shares (6.99% of votes) in a periodic institutional filing.
23 Jan 2008substantial holder notice● Neutral
Manuel Pablo Z&# reported a BPZ RESOURCES, INC. shareholding of 5,154,016 shares (7.00% of votes) in a periodic institutional filing.
23 Jan 2008substantial holder notice● Neutral
Allied Crude Purchasing, Inc. Gordon Gray reported a BPZ RESOURCES, INC. shareholding of 5,694,173 shares (7.70% of votes) in a periodic institutional filing.
23 Jan 2008substantial holder notice● Neutral
Fernando J. Z&# reported a BPZ RESOURCES, INC. shareholding of 5,079,016 shares (6.90% of votes) in a periodic institutional filing.
3 Jan 2008director interest notice● Neutral
BPZ RESOURCES, INC. CFO Caminos Edward G received 75,000 shares and a 250,000-share option grant as part of the equity award.
3 Jan 2008director interest notice● Neutral
BPZ RESOURCES, INC. director Lendrum John J III received 75,000 shares as part of the equity award.
3 Jan 2008director interest notice● Neutral
BPZ RESOURCES, INC. director E Barger III Miller received 75,000 shares as part of the equity award.
3 Jan 2008director interest notice● Neutral
BPZ RESOURCES, INC. director Strauch Dennis G received 75,000 shares as part of the equity award.
10 Dec 2007securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
6 Dec 2007securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
4 Dec 2007securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
30 Nov 2007business combination● NeutralMajor
The company announced that the second and final earn-out target from the 2004 Navidec merger was met, based on independent engineer certification that Peru production reached at least 2,000 barrels of oil equivalent per day. This leads to 9,000,000 shares going to former BPZ Energy, Inc. shareholders, plus 225,000 each to the Chief Financial Officer and Chief Operating Officer. The company says all of these shares were already counted in the 77.6 million fully diluted share count, so this resolves the earn-out thread ahead of the 2007-12-28 deadline.
28 Nov 2007material agreement▲ GoodMajor
On November 21, 2007 the company signed license contracts with Perupetro for 100% of Block XXII (about 948,000 acres) and Block XXIII (about 248,000 acres), both onshore in northwest Peru. Each has a seven-year exploration phase with seismic and drilling commitments, and the company posted performance bonds of $600,000 (Block XXII) and $3,075,000 (Block XXIII). The company's press release says these two blocks complete the roughly 2.4 million acres it plans to develop in northwest Peru, alongside Blocks Z-1 and XIX.
26 Nov 2007debt financing▲ GoodMajor
On November 19, 2007 the company signed a $15.5 million convertible loan with the International Finance Corporation (IFC), the first tranche of a debt package now expected to total $165 million. It runs 10 years at 2% over 6-month LIBOR and converts to shares at $10.39 (company can force conversion above $18.19). This is the first piece of the IFC debt package approved in December 2006; the remaining tranches are not yet closed: an A Loan of about $35 million expected in Q1 2008 and a B Loan of about $115 million to be syndicated.
16 Nov 2007securities registration● Neutral
BPZ RESOURCES, INC. amended an already-effective registration statement.
16 Nov 2007securities registration● Neutral
BPZ RESOURCES, INC. registered a securities offering with the SEC using its shelf eligibility.
13 Nov 2007substantial holder notice● Neutral
Wellington Management Company, LLP reported a BPZ RESOURCES, INC. shareholding of 5,681,751 shares (9.09% of votes) in a periodic institutional filing.
18 Oct 2007listing compliance notice● Neutral
The American Stock Exchange told the SEC it will remove the common stock of 'BPZ Energy, Inc.' from listing at the open on October 27, 2007, because on October 5, 2007 those securities were substituted for BPZ Resources, Inc. common stock, which remains listed as BZP. The filing says trading in the old security was suspended October 17, 2007. This amends the October 17 removal notice and reads as a clean-up of the old name's listing, not a delisting of BPZ Resources' own BZP shares.
17 Oct 2007listing compliance notice● NeutralMajor
BPZ RESOURCES, INC.'s exchange filed to remove a class of its securities from listing.
21 Aug 2007director interest notice● Neutral
BPZ RESOURCES, INC. director Strauch Dennis G received a stock option grant for 125,000 shares.
21 Aug 2007director interest notice● Neutral
BPZ RESOURCES, INC. director E Barger III Miller received a stock option grant for 125,000 shares.
21 Aug 2007director interest notice● Neutral
BPZ RESOURCES, INC. director Lendrum John J III received a stock option grant for 125,000 shares.
17 Aug 2007director interest notice● Neutral
BPZ RESOURCES, INC. director E Barger III Miller sold 5,000 shares at $4.28.
10 Aug 2007securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
10 Aug 2007securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
10 Aug 2007securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.