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Post by Bpultraon Oct 16, 2014 4:39pm

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Company News Alert for BPZ Resources
	BPZ Energy Announces Withdrawal of Senior Secured Notes Offering
	HOUSTON, Oct. 16, 2014 (GLOBE NEWSWIRE) -- BPZ Resources, Inc., (NYSE: BPZ) (BVL: BPZ), ("BPZ" or the "Company"), today announced that it has withdrawn its previously announced private placement offer of $150 million in senior secured notes due 2019 due to adverse market conditions. President and CEO Manolo Zuniga commented, "The current market conditions have led us to conclude that our offering of the senior secured notes is not in the best interests of the Company at this time. We continue to monitor market conditions, as well as review other options which would provide capital for the Company. A cash position of approximately $79 million at the end of third quarter 2014 and continued production and cash flow growth this year gives us confidence that we will obtain necessary financing in a timely manner." ABOUT BPZ ENERGY

Company News Alert for BPZ Resources

BPZ Energy Announces Withdrawal of Senior Secured Notes Offering

HOUSTON, Oct. 16, 2014 (GLOBE NEWSWIRE) -- BPZ Resources, Inc., (NYSE: BPZ) (BVL: BPZ), ("BPZ" or the "Company"), today announced that it has withdrawn its previously announced private placement offer of $150 million in senior secured notes due 2019 due to adverse market conditions.

President and CEO Manolo Zuniga commented, "The current market conditions have led us to conclude that our offering of the senior secured notes is not in the best interests of the Company at this time. We continue to monitor market conditions, as well as review other options which would provide capital for the Company. A cash position of approximately $79 million at the end of third quarter 2014 and continued production and cash flow growth this year gives us confidence that we will obtain necessary financing in a timely manner."

ABOUT BPZ ENERGY

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