BPZ Resources, Inc. is a mining company. The Company is focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company through its subsidiary, BPZ Exploracion & Produccion S.R.L. (BPZ E&P), have license contracts for oil and gas exploration and production covering a total of approximately 2.2 million gross (1.9 million net) acres, in four blocks, in northwest Peru. The Company’s license contracts cover 51% working interest in Block Z-1 (0.6 million gross acres) and working ownership of Block XIX (0.5 million gross acres), Block XXII (0.9 million gross acres) and Block XXIII (0.2 million gross acres). The Company, through its wholly owned subsidiary, SMC Ecuador Inc., holds a 10% non-operating net profits interest in an oil and gas producing property, Block 2, located in the southwest region of Ecuador (the Santa Elena Property).