BPZ Resources, Inc. - Shareholder.com

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ITEM 9B. OTHER INFORMATION None. PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE The information required by this item is incorporated by reference from our definitive proxy statement to be filed with the SEC within 120 days after the end of our fiscal year covered by this Annual Report on Form 10-K. ITEM 11. EXECUTIVE COMPENSATION The information required by this item is incorporated by reference from our definitive proxy statement to be filed with the SEC within 120 days after the end of our fiscal year covered by this Annual Report on Form 10-K. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The information required by this item is incorporated by reference from our definitive proxy statement to be filed with the SEC within 120 days after the end of our fiscal year covered by this Annual Report on Form 10-K. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE The information required by this item is incorporated by reference from our definitive proxy statement to be filed with the SEC within 120 days after the end of our fiscal year covered by this Annual Report on Form 10-K. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES The information required by this item is incorporated by reference from our definitive proxy statement to be filed with the SEC within 120 days after the end of our fiscal year covered by this Annual Report on Form 10-K. 114
PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (a) The following documents are filed as part of this report: 1. Financial Statements. Our consolidated financial statements are included in Part II, Item 8 of this report:....................................... 71 Reports of Independent Registered Public Accounting Firm..................................................................................... 72-73 Consolidated Balance Sheets ..................................................................................................................................... 74 Consolidated Statements of Operations ..................................................................................................................... 75 Consolidated Statements of Stockholders’ Equity..................................................................................................... 76 Consolidated Statements of Cash Flows.................................................................................................................... 77 Notes to Consolidated Financial Statements.............................................................................................................. 78 Supplemental Oil and Gas Disclosures (Unaudited).................................................................................................. 104 Management’s Annual Report on Internal Control Over Financial Reporting .......................................................... 111 Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting.............. 113 2. Financial Statements Schedules and supplementary information required to be submitted: None. 3. Exhibits A list of the exhibits filed or furnished with this report on Form 10-K (or incorporated by reference to exhibits previously filed or furnished by us) is provided in the Index of Exhibits beginning on page 137 of this report. Those exhibits incorporated by reference herein are indicated as such by the information supplied in the parenthetical thereafter. Otherwise, the exhibits are filed herewith. 115
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BPZ 2010 ANNUAL REPORT
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Manuel Pablo Zúñiga-Pflücker Pre
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I would like to express my sincere
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Company drilled and completed at th
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UNITED STATES SECURITIES AND EXCHAN
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PART I BPZ Resources, Inc. cautions
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Our Competition Intense competition
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License contracts are subject to ro
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Although we believe our operations
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Our reserve estimates depend on man
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The debt facility matures on July 2
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• clean-up responsibilities; •
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• although we plan to enter into
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esult in the suspension of our curr
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We may not be able to replace our r
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Because we are a relatively new pub
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the existing platform located in th
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In connection with the first explor
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In addition, the Board of Directors
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Block Z-1 Seismic Acquisition Altho
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Performance Graph The following gra
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(1) In our Form 10K for the year en
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Oil Development General We will con
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The A-16D well was originally inten
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agreements; and change in control.
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We estimated our non-convertible bo
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Loan Agreement. The amount availabl
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wells and regular maintenance, the
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million of salary and salary relate
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of revenue to offset our deferred t
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Lease Operating Lease operating exp
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The income tax expense (benefit) fo
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cash of $6.4 million and in 2008 pr
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Long-Term Debt and Capital Lease Ob
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(2) prior to January 1, 2015, durin
Page 71 and 72: Other In July 2009, we, through our
Page 73 and 74: (1) Includes operating leases for o
Page 75 and 76: Revenue Recognition We recognize re
Page 77 and 78: Interest Rate Risk. As of December
Page 79 and 80: ITEM 8. FINANCIAL STATEMENTS AND SU
Page 81 and 82: To the Board of Directors and Stock
Page 83 and 84: BPZ Resources, Inc. and Subsidiarie
Page 85 and 86: BPZ Resources, Inc. and Subsidiarie
Page 87 and 88: investment under the cost method. A
Page 89 and 90: Oil and Gas Accounting Reserves Det
Page 91 and 92: Loss per Common Share In accordance
Page 93 and 94: Note 5 — Property, Equipment and
Page 95 and 96: Activity related to the Company’s
Page 97 and 98: The Company estimates the cash paym
Page 99 and 100: holders of the 2015 Convertible Not
Page 101 and 102: an amended registration statement w
Page 103 and 104: there was $1.2 million of total unr
Page 105 and 106: Additional Fair Value Disclosures $
Page 107 and 108: costs related to the platform in th
Page 109 and 110: Note 17 — Business Segment Inform
Page 111 and 112: minority position in the project. H
Page 113 and 114: of the subjective decisions require
Page 115 and 116: Costs Incurred in Oil and Natural G
Page 117 and 118: (1) Includes crude oil, condensate
Page 119 and 120: The following table sets forth the
Page 121: (d) Attestation Report To the Board
Page 125 and 126: Net acres or net wells. The sum of
Page 127 and 128: INDEX OF EXHIBITS 2.1 Plan of Conve
Page 129 and 130: Company Information Board of Direct
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