- Shares of BPZ Resources (BPZ +3.4%) are strong after the company announced new production from its CX15-2D well offshore Peru.
- The block is producing a total of 5,425 bbl/day from the Corvina and neighboring Albacora fields, where BPZ is operator with a 51% stake and Pacific Rubiales (PEGFF) holds 49%.
- The well extends a "positive well streak" for BPZ, Global Hunter analysts say.
- Also, BPZ plans $86M in capital spending for 2014, $71M to be directed offshore.
at CNBC.com (Apr 20, 2011)