Houston, Sept. 9, 2013 (GLOBE NEWSWIRE) -- BPZ Energy, (NYSE: BPZ)(BVL: BPZ), today announced that Chief Operating Officer RichardSpies has resigned his position to rejoin BP effective November 1,2013. Mr. Spies will continue to serve the Company as a Boardmember on the BPZ Resources, Inc. Board of Directors, a position heaccepted effective September 3, 2013. Mr. Spies will continue to serve as Chief Operating Officeruntil October 31, 2013. In the interim, he is participatingin the search for a new head of operations for BPZ, which willfacilitate the transition process. President and CEO Manolo Zúñiga commented, "We appreciateRichard's leadership over the past three years and wish him thevery best in his new position. He has been a valued member ofmy executive team and his efforts have helped strengthen both ouroffshore and onshore operations. I am also very pleased towelcome Richard as a fellow Board member, and look forward to hisongoing contributions to BPZ Energy." BPZ ENERGY Houston-based BPZEnergy, which trades as BPZ Resources, Inc. under ticker symbolBPZ on the New York Stock Exchange and the Bolsa de Valores inLima, is an independent oil and gas exploration and productioncompany which has license contracts covering approximately 2.0million net acres in offshore and onshore Peru. The Companyholds a 51% interest in offshore Block Z-1, which it is developingin partnership with Pacific Rubiales EnergyCorp. BPZ Energy also holds 100% working interests inthree onshore blocks in Peru. Please visit the Company'swebsite at www.bpzenergy.com for moreinformation. FORWARD LOOKING STATEMENT This Press Release contains forward-looking statementswithin the meaning of the Private Securities Litigation Reform Actof 1995, Section 27A of the Securities Act of 1933 and Section 21Eof the Securities Exchange Act of 1934. These forward lookingstatements are based on our current expectations about our company,our properties, our estimates of required capital expenditures andour industry. You can identify these forward-looking statementswhen you see us using words such as "will," "expected,""estimated," and "prospective," and other similarexpressions. These forward-looking statements involve risksand uncertainties. Our actual results could differ materially from thoseanticipated in these forward looking statements. Such uncertaintiesinclude successful installation of our new platform in Corvina, thesuccess of our project financing efforts, accuracy of well testresults, results of seismic testing, well refurbishment efforts,successful production of indicated reserves, satisfaction of welltest period requirements, successful installation of requiredpermanent processing facilities, receipt of all required permits,the successful management of our capital expenditures, and othernormal business risks. We undertake no obligation to publiclyupdate any forward-looking statements for any reason, even if newinformation becomes available or other events occur in thefuture. CAUTIONARY STATEMENT REGARDING CERTAIN INFORMATIONRELEASES The Company is aware that certain information concerning itsoperations and production is available from time to time fromPerupetro, an instrumentality of the Peruvian government, and theMinistry of Energy and Mines ("MEM"), a ministry of the governmentof Peru. This information is available from the websites ofPerupetro and MEM and may be available from other official sourcesof which the Company is unaware. This information ispublished by Perupetro and MEM outside the control of the Companyand may be published in a format different from the format used bythe Company to disclose such information, in compliance with SECand other U.S. regulatory requirements. Additionally, the Company's joint venture partner in BlockZ-1, Pacific Rubiales Energy Corp. ("PRE"), is a Canadian publiccompany that is not listed on a U.S. stock exchange, but is listedon the Toronto (TSX), Bolsa de Valores de Colombia (BVC) andBOVESPA stock exchanges. As such PRE may be subject todifferent information disclosure requirements than theCompany. Information concerning the Company, such asinformation concerning energy reserves, may be published by PREoutside of our control and may be published in a format differentfrom the format the Company uses to disclose such information, incompliance with SEC and other U.S. regulatoryrequirements. The Company provides such information in the formatrequired, and at the times required, by the SEC and as determinedto be both material and relevant by management of theCompany. The Company urges interested investors and thirdparties to consider closely the disclosure in our SEC filings,available from us at 580 Westlake Park Blvd., Suite 525, Houston,Texas 77079; Telephone: (281) 556-6200. These filings canalso be obtained from the SEC via the internet at www.sec.gov .
CONTACT: Investor and Media Contact: A. Pierre Dubois BPZ Energy 281-752-1240 email@example.com