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Gold/Mining/Energy : BPZ Resources - AMEX:BZP -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (24)	6/26/2008 7:11:17 PM
From: KaiserSosze	Respond to of 37

What a great move by BZP management. I can't belive they got those terms on this deal...it's like they are the big fish and Shell were the up and comers. Great job BZP management. You keep firing on all cylinders!!

To: Dale Baker who wrote (24)	6/28/2008 9:42:39 AM
From: KaiserSosze	Respond to of 37

Raymond James update. Surprised there was no share price target increase (I think they are still using $80 oil, and haven't factored in Shell yet...assume it's only a matter of time)! RJ Update - BZP: Two Thumbs Up from Shell; Story Comes to Light BZP: Two Thumbs Up from Shell; Story Comes to Light - BPZ has signed a memorandum of understanding (MOU) with Shell (RDS.A/$79.45) for development of Blocks Z-1, XIX, and XXIII. The MOU includes a 50/50 venture in the blocks, which BPZ will operate. Shell is also helping to refurbish the platform at Albacora and drill the company’s first well at the field. BPZ will initially retain its 100% interest at Corvina, Delfin, and Mero as well as 100% interest in the oil assets at Albacora. At Albacora, BPZ will preliminarily own 100% of the oil and 50% of gas assets, and Shell has the option to buy a 50% stake in the Corvina and Albacora starting July 2012 and ending January 2015. - Shell will commit to a drilling program comprised of three phases for an approximate $300 million, with theoption to exit at the end of each phase (at which time all interests revert back to BPZ). Together, the companies will appraise the Mancora gas play and deepwater prospects at Block Z-1 as well as other prospects in the blocks. Shell will also help to meet the contractual requirements for BPZ’s acreage, including 2D and 3D seismic surveys at Blocks XXIII and Z-1 and drilling of 12 new wells. Following this, BPZ and Shell will share costs equally. Longer term, Shell may also purchase a 50% interest in the power plant project and has initially agreed to jointly develop a liquefied natural gas (LNG) project, which would require validation of a minimum of 4 Tcf of gas in place. - The deal highlights three main things that further enhance out outlook on the stock: (1) added support for the enormous reserve potential present in BPZ’s leasehold; (2) accelerated development of the blocks increases the present value of the potential in Peru; and (3) widened flexibility on the balance sheet with the help of investment from a major integrated. We reaffirm our Strong Buy rating based on the merits of the transaction. - Recap on catalysts: BPZ is currently drilling the 20XD well at Corvina (should add 23 MMbbl of oil-in-place and 5-6 MMbbl to proved reserves based on a 25% recovery factor). The 15D will be the next location and should be completed sometime in October. Over the next few months, BPZ will finalize financing negotiations with the International Finance Corporation, after which construction of the power plant will begin. Also, with Shell’s help refurbishing the Albacora platform and drilling the well, we expect that the original time line for the field—results from the company’s first well in March/April 2009 and completion volumes online from temporary facilities in 3Q09—may be brought forward

To: Dale Baker who wrote (24)	7/6/2008 10:13:57 AM
From: KaiserSosze	Respond to of 37

This bodes well for the smaller companies a la BZP! Message 24732916

To: Dale Baker who wrote (24)	7/9/2008 7:02:24 PM
From: KaiserSosze	Respond to of 37

BPZ and Shell will invest U.S. $ 750 million in next four years in Peru Wednesday, 09 July 2008 10:19 Time Peru 24horaslibre.com BPZ and Shell will invest U.S. $ 750 million in next four years in Peru The chairman of BPZ Energy, Manuel Zuniga, reported today that over the next four years will invest jointly with the angloholandesa Shell $ 750 million in oil and gas exploration in Tumbes and Piura, and the installation of a 150-megawatt thermoelectric plant (MW). Reduce Expand Resize He pointed out that of that amount, angloholandesa provide $ 300 million for exploration of gas in three lots located in Tumbes. While BPZ will invest 300 million dollars for exploration of oil in Piura and Tumbes and 150 million for the launch of its thermoelectric plant to natural gas. He felt that the plant would start operations in early 2010 to supply the domestic market, but there is also the possibility of exporting electricity to Ecuador. "The Peruvian electricity market is very efficient and demand is growing very fast, basically we will supply the local market but do not rule out the possibility of selling to Ecuador because there is an interconnection agreement with that country," he said. He said that the plant at an early stage will have a capacity of 150 MW, but then expect to duplicate such power in a second phase. Zuniga said that this alliance with Shell, which will be implemented over the next three months, not necessarily to facilities funding for BPZ for any oil company currently has access to loans. "Rather this alliance seeks to gain access to technological equipment with which Shell," said a TV Peru.

To: Dale Baker who wrote (24)	7/9/2008 7:04:09 PM
From: KaiserSosze	Respond to of 37

Invertia -- Latest News Wednesday, July 9, 2008, 10:36 pm Source: Andean Draft gas BPZ and Shell signed a definitive agreement next three months exploring for gas in Tumbes Lima .- BPZ Energy and angloholandesa Shell subscribe in the next three months a final agreement of partnership for exploration of gas in three lots located in Tumbes, reported today its chairman, Manuel Zuniga. He pointed out that in this way Shell will be incorporated into licensing contracts that are currently in BPZ lots XXIII, XIX and Z-1 (socket Tumbes). It should be noted that last June 26 and BPZ Shell signed a memorandum of understanding as a first step in establishing a definitive agreement. "Shell is very interested in gas and has shown much enthusiasm in the geological models we have done in the zone and gas potential that exists," he said. He said that in principle the agreement covers only the exploration of gas, but to the extent that Shell will confirm large volumes of gas they want, there is a chance to participate in the proposed thermal power plant of BPZ and also in the exploitation of oil in Piura. BPZ remains the operator of all lots and that Shell is confident the technical ability of the company, told Economic Vision TV Peru