In December 2012, BPZ and PRE waived and modified certain contract conditions in order to effect an accelerated closing of the transaction. With this closing BPZ Energy received the remaining $85 million of cash. Operating revenues and expenses were also allocated at each partner's respective participating interest.A complete description of the changes to the previously announced contract terms will be included in the SEC Form 8-K filing.
BPZ Energy Closes Block Z-1 Transaction
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.