Ya I think the prospects are great for bzp. going to be a good buy on
the long haul. The stock is very reactive to the price of oil. I heard
today opec is going to try and keep the 100 dollar barrel. So you can
bet on one thing and that is: they are going to maintain a bottom and
the bottom will always go up.

Those types of oil wells require somewhat unique techniques. 70
degrees or lower degrees results in more volume coverage, thereby
tapping the difficult geography. Its far cheaper than horizontal
drilling, which they are trying to implement in North Dakota's oil
sands (I believe they are the Alberta oil fields). If you read up on
previous contractors of the Peru territories, the big boys deemed the
drilling not cost efficient almost a decade ago because of they
difficult terrain. Things have changed since then, hence the agreement
with Shell.

This company was been overbought this year and is correcting itself.
Long term, this is a great buy, for they will soon be growing their
eps expontentially. I sold out of my holdings for the time being at
mid 20's. Will wait for for it to dips lower as crude continues to
80-90/brl.

Current expected entrance month: Febuary

Can anyone elaborate on the recent news about the completion of the
recent wel? What does 75 feet of oil sands and 60 feet gas refer to?
The President of the company mentioned these and I am interested in
the significance these measures contained in his statement.

What was the purpose of drilling at 70 degrees of  angle? Is this well
meant to provide more information on the overall value of the existing
resources of the Corvina? If so, would a positive DST report add
value  to this company regardless of the macro economy of the crude
oil market?

I do not know what to say about this, hopefully it will go up due to
the hurricane. In other news I read in a Peruvian newspaper that BZP
is upon the bitters for the 22 lots that the peruvian government is
putting up for grabs.

Anybody have any thoughts on bpz energy inc. (bzp) today? I was
expecting to see a jump but the stock retracted. Most others moved
up.

Aug 11, 2008 06:54:03 (ET)

BPZ Resources Inc. (BZP) on Monday reported a second-quarter net loss
of $4.67 million, or 6 cents a share, narrowing from $5.48 million, or
8 cents a share, for the year-ago period.

According to a filing with the Securities and Exchange Commission,
revenue for the quarter ended June 30 was $7.04 million compared to no
revenue for 2007.

Shares of the Houston oil and gas exploration and production company
closed Friday at $15.35.