Past year: ▼ 100%(0.10c – 28.9c USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Jan 2012material agreement▼ Bad
BPZ and Credit Suisse amended both loans (the $75 million from July 2011 and the $40 million from January 2011), effective December 30, 2011. The allowed maximum debt for the Peruvian operating subsidiary went from $120 million to $122 million. The deadline for commercial production at Albacora moved from January 1, 2012 to February 29, 2012, and the deadline to set up a hedging strategy moved from January 2 to April 1, 2012. The filing does not give a reason.
9 Dec 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 20,000 shares.
8 Dec 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 20,000 shares at $3.46.
6 Dec 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 30,000 shares at $3.35.
14 Nov 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 10,000 shares at $3.25.
9 Nov 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 67,339 shares.
15 Sept 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 15,313 shares.
12 Sept 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 18,215 shares.
8 Sept 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 25,000 shares.
26 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. CFO Menniti Richard Saverio received 20,000 shares and a 60,000-share option grant as part of the equity award.
25 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. Chief of Strategy Briens Frederic sold 35,000 shares at $3.06.
16 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 48,000 shares.
15 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 10,000 shares at $3.10.
15 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Stephen C Beasley bought 20,000 shares on the open market at $2.90.
12 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. Chief Operating Officer Spies Richard James bought 40,000 shares on the open market at $2.77.
12 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. Interim CFO Menniti Richard Saverio bought 3,500 shares on the open market at $2.60.
12 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 31,250 shares at $2.63.
9 Aug 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 544,500 shares.
19 July 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 5,730 shares at $3.85.
15 July 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 39,100 shares.
12 July 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 5,000 shares.
8 July 2011director interest notice● Neutral
Menniti Richard Saverio became a BPZ RESOURCES, INC. Interim CFO and company insider (initial ownership filing).
8 July 2011debt financing● NeutralMajor
BPZ signed a $75 million secured loan with Credit Suisse and Standard Bank on July 6, 2011, and drew all of it on July 7. It is secured by the Block Z-1 property, its oil production and the license rights, matures July 7, 2014, and costs three-month LIBOR plus 9%. The money is for fees, a debt reserve account, reimbursing affiliates for up to $14 million of Block Z-1 and up to $6 million of Block XIX spending, and funding Z-1 spending. This is the 'reserve-based loan backed by Corvina reserves' goal in the earlier context, though the filing secures it on all of Block Z-1, not just Corvina (the match is an inference). It also requires certain Corvina and Albacora projects by set dates and limits further debt and asset sales. The CEO's press release mentions an ongoing Block Z-1 partnering process.
8 July 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 4,000 shares at $4.08.
28 June 2011agm notice● Neutral
BPZ RESOURCES, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
23 June 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 25,000 shares at $3.17.
23 June 2011director interest notice● Neutral
BPZ RESOURCES, INC. CFO Caminos Edward G sold 28,500 shares at $3.45.
16 June 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 24,000 shares at $3.07.
16 June 2011director interest notice● Neutral
BPZ RESOURCES, INC. CFO Caminos Edward G sold 18,465 shares.
15 June 2011director interest notice● Neutral
BPZ RESOURCES, INC. director Gray Gordon sold 10,000 shares at $3.10.
