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Bpz Resources, Inc. (BPZ) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

Bpz Resources, Inc.

CIK: 1023734 Ticker: BPZ

Exhibit 99.1

 

 

News Release

 

 

 

Contact:

Greg Smith

 

 

Director of Investor Relations and

 

 

Corporate Communications

 

 

281-752-1240

 

BPZ Energy Provides Year Ended December 31, 2009 Financial and Operating Results

 

HOUSTON—March 30, 2010— BPZ Resources, Inc. (NYSE:BPZ) announces financial and operating results for the fourth quarter and year ended December 31, 2009.  For the fourth quarter the Company reported operating loss of $13.0 million and net loss of $10.0 million or $0.09 per share and operating loss of $42.5 million and net loss of $35.8 million or $0.35 per share for the year ended December 31, 2009.  In addition, the Company had earnings before interest, income tax, depreciation and amortization (EBITDAX; see the reconciliation and rationale for this non-GAAP measure below) of $(5.4) million and $(16.6) million for the fourth quarter and year-ended December 31, 2009, respectively.  The table below illustrates the Company’s Consolidated Statements of Operations for the fourth quarter and year ended December 31, 2009 and 2008.

 


The following information was filed by Bpz Resources, Inc. (BPZ) on Wednesday, March 31, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Bpz Resources, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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SEC Filing Tools
Ticker: BPZ
CIK: 1023734
Form Type: 10-K Annual Report
Accession Number: 0001104659-10-017466
Submitted to the SEC: Tue Mar 30 2010 9:50:18 PM EST
Accepted by the SEC: Wed Mar 31 2010
Period: Thursday, December 31, 2009
Industry: Crude Petroleum And Natural Gas

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