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UPDATE: BPZ Resources Shares Jump 6.6% As Q4 EPS, Revenues Beat


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BPZ Resources ( BPZ ) shares have jumped 6.6% to $2.60 after the company reported a Q4 GAAP EPS of $0.12, beating the Capital IQ GAAP consensus of a $0.12 loss per share.

Revenues were $25.1 mln, versus the analyst estimate of $24.77 mln.

The shares have been trading within a 52-week range of $2.01 to $4.64.

Total production from the company's offshore Corvina and Albacora fields in Block Z-1 was 139,000 barrels of oil, or 1,516 barrels of oil per day (bopd). This compares with 155,000 barrels of oil or 1,683 bopd for the same period in 2011.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities



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