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BPZ Resources (BPZ +4.7%) says it closed its contractual arrangements for the sale of a 49%...

BPZ Resources (BPZ +4.7%) says it closed its contractual arrangements for the sale of a 49% participating interest in Block Z-1 offshore Peru to Pacific Rubiales Energy (PEGFF.PK). The two companies waived and modified certain contract conditions in order to effect an accelerated closing of the transaction.
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