15 Nov 2004late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Oct 2004director interest notice● Neutral
Charles Kirby became a BPZ RESOURCES, INC. 10%+ owner and company insider (initial ownership filing).
7 Oct 2004director interest notice● Neutral
BPZ RESOURCES, INC. 10%+ owner Charles Kirby sold 126,350 shares.
20 Sept 2004director interest notice● Neutral
Gray Gordon became a BPZ RESOURCES, INC. VP-Project Development and company insider (initial ownership filing).
17 Sept 2004director interest notice● Neutral
Kelly Thomas became a BPZ RESOURCES, INC. CEO and company insider (initial ownership filing).
17 Sept 2004director interest notice● Neutral
Rivero Fernando Zuniga became a BPZ RESOURCES, INC. Chairman and company insider (initial ownership filing).
17 Sept 2004director interest notice● Neutral
Roberson John Ronald became a BPZ RESOURCES, INC. VP - General Counsel and company insider (initial ownership filing).
14 Sept 2004asset acquisition disposition● NeutralMajor
The BPZ merger closed effective September 10, 2004: BPZ holders received 9,000,000 shares, and BPZ became a wholly owned subsidiary. The company also sold 1,688,500 private placement shares at $2 for $3,377,000 gross. Navidec Financial Services received 604,246 shares for assuming pre-merger liabilities, and control of the board passed to BPZ's designees (Kelly as CEO, Zuniga-Pflucker as president). The company now holds rights to about 2.75 million acres in four NW Peru blocks and a non-operating Ecuador interest, and the spin-off to September 9 holders is still to be registered.
1 Sept 2004business combination● NeutralMajor
An information statement told shareholders that BPZ designees will take most board seats on completion of the BPZ merger: 9,000,000 shares at closing plus about 18,000,000 earn-out shares, which would leave BPZ holders with about 77.5% if all are earned. The spin-off record date is now September 3, 2004. All but John McKowen of the current directors will resign, and the company will seek approval to rename itself BPZ Energy and raise authorized shares to 100,000,000. BPZ's properties are in northwest Peru and southwest Ecuador. Shareholders need take no action.
17 Aug 2004late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
10 Aug 2004business combination● Neutral
Navidec set August 30, 2004 as the record date for spinning off Navidec Financial Services, with holders getting one share of it for each Navidec share. The spin-off needs an SEC registration statement and may take time to finalize. This continues the July BPZ merger plan.
13 July 2004business combination● NeutralMajor
Navidec withdrew from the April deal for Livermore and BPZ and instead signed a merger with BPZ Energy alone, after which it will take the BPZ Energy name. Current Navidec holders would start with about 50% of the company, falling to about 25% fully diluted if BPZ holders earn up to 18 million more shares; the spin-off of Navidec Financial Services still goes ahead.
27 Apr 2004business combination● NeutralMajor
Navidec signed a merger agreement with Lider Group and Bond Energy to acquire Livermore Energy and BPZ Energy for up to 25.5 million Navidec shares (9.37 million at closing, expected around June 24, 2004, and up to 16.13 million as earn-out). It also plans to move its existing businesses into Navidec Financial Services and spin that company off to current shareholders. This starts the move from the old business into oil and gas.
31 Mar 2004late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its annual report would be filed late.
3 Feb 2004substantial holder notice● Neutral
Wells Fargo & Company, WFC Holdings Corporation reported a BPZ RESOURCES, INC. shareholding of 5.00% of votes in a periodic institutional filing.
14 Nov 2003late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
16 Sept 2003asset acquisition disposition● Neutral
Navidec agreed to acquire 80% of Northsight Mortgage Group, a Phoenix mortgage broker, in exchange for up to 213,333 of its shares. Half (106,666) is issued at closing around September 30, 2003, and the rest is held in escrow, released based on Northsight's 2003 earnings and the share price.
17 June 2003director interest notice● Neutral
John R Mckowen became a BPZ RESOURCES, INC. President, Subsidiary and company insider (initial ownership filing).
11 June 2003director interest notice● Neutral
John R Mckowen became a BPZ RESOURCES, INC. President, Subsidiary and company insider (initial ownership filing).
15 May 2003securities registration● Neutral
BPZ RESOURCES, INC. filed the final prospectus for a registered offering.
8 May 2003securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC.
8 May 2003securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC.
1 May 2003securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC.
21 Apr 2003securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
1 Apr 2003securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
14 Feb 2003substantial holder notice● Neutral
Wells Fargo & Company, WFC Holdings Corporation reported a BPZ RESOURCES, INC. shareholding of 52,017 shares (8.00% of votes) in a periodic institutional filing.
31 Jan 2003securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
21 Nov 2002securities registration● Neutral
BPZ RESOURCES, INC. registered a securities offering with the SEC using its shelf eligibility.
7 May 2002auditor change▼ Bad
Navidec dismissed Arthur Andersen as its auditor and hired Hein + Associates for the 2002 audit, with Audit Committee approval. Andersen's report on 2001 included a going-concern doubt paragraph, and the filing reports no disagreements with Andersen.
1 Apr 2002late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its annual report would be filed late.