Watch List: BPZ
Posted: 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.
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.