Watch List: BPZ

dan_s · Post by **dan_s** » Mon Jan 31, 2011 1:39 pm

Jan. 27 (Bloomberg) -- BPZ Resources, Inc., a U.S. crude oil producer with operations in Peru, said it secured a $40 million loan from Credit Suisse Group AG.
The loan, which is backed by three gas-fired turbines acquired for a Peruvian power plant, will help finance 2011 capital expenditures, Houston-based BPZ said today in an e- mailed statement. The loan matures in July 2013.

I'm not real high on BPZ until they find an industry partner that can help them develop their assets in Peru.