BPZ RESOURCES, INC. Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2014 12 months to Dec 31, 2014	FY2013 12 months to Dec 31, 2013	FY2012 12 months to Dec 31, 2012	FY2011 12 months to Dec 31, 2011
Net revenue:
Oil revenue, net
Other revenue
Total net revenue
Operating and administrative expenses:
Lease operating expense
General and administrative expense
Geological, geophysical and engineering expense
Dry hole costs
Depreciation, depletion and amortization expense
Standby costs
Other expense
Other operating expense
Asset impairments
Gain on divestiture
Total operating and administrative expenses
Operating loss
Other income (expense):
Income from investment in Ecuador property, net
Interest expense, net
Loss on derivatives
Loss on extinguishment of debt
Gain (loss) on derivatives
Interest income
Other expense
Total other expense, net
Loss before income taxes
Income tax expense (benefit)
Net loss
Basic net loss per share (in Dollars per share)
Diluted net loss per share (in Dollars per share)
Basic weighted average common shares outstanding (in Shares)
Diluted weighted average common shares outstanding (in Shares)

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