BPZ Resources sees $1.94 million net loss for September, zero revenue

By Mark Reccek

Bethlehem, Pa., Oct. 20 – BPZ Resources, Inc. posted a net loss of $1.94 million for September on zero revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

For August, BPZ reported a net gain of $433,025 on zero revenue.

The company also held cash of $10.31 million, down from $12.38 million as of Aug. 31.

Houston-based BPZ Resources is an independent oil and gas exploration and production company with operations in Peru and Ecuador. The company filed for bankruptcy on March 9, 2015 under Chapter 11 case number 15-60016.

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