BPZ Energy

BPZ Energy is an oil and gas exploration and production company with license contracts covering approximately 1.9 million net acres in four properties in northwest Peru. At offshore Block Z-1, development drilling is currently underway at the Corvina and Albacora oil fields in partnership with Pacific Rubiales Energy Corp. Onshore, where BPZ holds 100% interests in three blocks, exploration drilling is currently underway at Block XXIII. Part of the Company's integrated gas-to-power strategy includes the potential generation and sale of electric power in Peru. In southwest Ecuador, the Company also owns a non operating net profits interest in a producing property.