Seeking Alpha

BPZ Energy +13% on promising drilling report

  • BPZ Energy (BPZ +13.1%) shares are surging after the producer of oil in Peru and Ecuador reported progress in its onshore an offshore drilling projects.
  • The first development well at the Albacora offshore field was completed Dec. 23 and has produced an average of ~2,100 bbl/day; total average output for the last seven days at Block Z-1 of ~4,900 bbl/day, with 53% coming from Albacora and the remainder from the Corvina field.
  • Commencement of the back to back three-well onshore exploration campaign at onshore block XXIII began Jan. 5.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs