General and AdministrativeFor the fourth quarter ended December 31, 2010, general and administrative (G&A) expenses were $7.9 million as compared to $8.3 million for the same period in 2009. Included in G&A for the quarter ended December 31, 2010 and 2009 is stock-based compensation expense of $1.1 million and $2.7 million, respectively. The decrease in stock-based compensation expense is due to the vesting in 2009 of the majority of the awards granted in 2007 and 2008, which were granted at times when the grant date fair value of the awards was higher due to the then higher price of the Company's common stock. Other general and administrative expenses increased $1.1 million to $6.7 million from $5.6 million for the same period in 2009. The $1.1 million increase is due to increased professional fees and travel related costs, partially offset by lower salary and personnel related costs.
BPZ Energy Provides Fourth Quarter And Year Ended December 31, 2010 Financials And Operations Update
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