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BPZ Energy announces receipt of Peruvian Supreme Decree to Amend Block Z-1 license agreement

Wednesday, Jan 02, 2013

BPZ Energy (NYSE:BPZ) (BVL:BPZ), an independent oil and gas exploration and production company, today announced that the Peruvian Government has signed the Supreme Decree authorizing Perupetro to execute the amendment to the Block Z-1 License to add Pacific Rubiales Corp. (TSX:PRE) (BVC:PREC) (BOVESPA:PREB) to the Z-1 License Contract.

President and CEO Manolo Zúñiga commented, "We appreciate the hard work of the BPZ and Pacific Rubiales teams dedicated to this process that helped us obtain the necessary approvals before year-end. With the contractual agreements closed and the Supreme Decree now received, our partnership with Pacific Rubiales enters the new year intently focused on production growth at Block Z-1."

Source: BPZ Energy

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