BPZ retains Credit Suisse to seek partners

BPZ Resources Inc., Houston, said it has retained Credit Suisse Securities (USA) LLC to advise it in “pursuing joint venture partnerships and or farmouts for some or all of the company’s assets and options for financing its operations in northwest Peru.”

Nov 5th, 2010

By OGJ editors
HOUSTON, Nov. 5
-- BPZ Resources Inc., Houston, said it has retained Credit Suisse Securities (USA) LLC to advise it in “pursuing joint venture partnerships and or farmouts for some or all of the company’s assets and options for financing its operations in northwest Peru.”

The company has exploration and production licenses for 2.2 million acres in four properties in Peru and a minority working interest in production in southwestern Ecuador.

In Peru, it is developing an oil discovery called Corvina, redeveloping Albacora oil field, exploring three blocks, and building a gas-fired power plant near Caleta Cruz.

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