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Bpz Resources, Inc. (BPZ) SEC Filing 10-K Annual report for the fiscal year ending Friday, December 31, 2010

Bpz Resources, Inc.

CIK: 1023734 Ticker: BPZ

Exhibit 99.1

 

 

 

News Release

 

 

 

Contact:

Ed Caminos

 

 

Chief Financial Officer

 

 

281-752-1202

 

BPZ Energy Provides Fourth Quarter and Year Ended December 31, 2010 Financials and Operations Update

 

HOUSTON—March 15, 2011— BPZ Resources, Inc., d/b/a BPZ Energy, (NYSE:BPZ) announces financial and operating results for the fourth quarter and year ended December 31, 2010.  For the fourth quarter the Company reported operating loss of $11.8 million and net loss of $10.1 million or $(0.09) per share and operating loss of $60.8 million and net loss of $59.8 million or $(0.52) per share for full year 2010.  The Company had earnings before interest, income taxes, depletion, depreciation and amortization, exploration expense and non-recurring charges (EBITDAX) of $10.9 million and $38.8 million for the fourth quarter and year ended December 31, 2010, respectively.  See the reconciliation and rationale for this non-GAAP measure in the table below. The table below illustrates the Company’s Consolidated Statements of Operations for the fourth quarter, and year ended as of, December 31, 2010 and 2009.

 


The following information was filed by Bpz Resources, Inc. (BPZ) on Wednesday, March 16, 2011 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 2011 10-K Annual Report includes:

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SEC Filing Tools
Ticker: BPZ
CIK: 1023734
Form Type: 10-K Annual Report
Accession Number: 0001104659-11-014875
Submitted to the SEC: Wed Mar 16 2011 4:17:28 PM EST
Accepted by the SEC: Wed Mar 16 2011
Period: Friday, December 31, 2010
Industry: Crude Petroleum And Natural Gas

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