|BPZ Resources, Inc. (BPZ) is an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company has the exclusive rights and license agreements for oil and gas exploration and production covering approximately 2.2 million acres in four blocks in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. BPZ also owns a 10% non-operated working interest in an oil and gas producing property, Block 2, located in the southwest region of Ecuador (the Santa Elena Property). BPZ maintains a subsidiary, BPZ Exploracion & Produccion S.R.L. (BPZ E&P) through its wholly owned subsidiary BPZ Energy International Holdings, L.P., and its subsidiary BPZ Energy, LLC. The Company through BPZ E&P has exclusive rights and license contracts for oil and gas exploration and production covering a total of approximately 2.2 million acres, in four blocks, in northwest Peru.