BPZ Resources posts $238,193 net loss for October, zero revenue

By Mark Reccek

Bethlehem, Pa., Nov. 20 – BPZ Resources, Inc. posted a net loss of $238,193 for October on zero revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

For September, BPZ reported a net loss of $1.94 million on zero revenue.

The company also held cash of $8.98 million for October, down from $10.31 million as of Sept. 30.

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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