BPZ Resources Inc., engaged in oil and gas exploration and production in Peru, got bankruptcy court approval to sell assets for $8.5 million (In re BPZ Resources Inc., Bankr. S.D. Tex., 15-60016, sale approved 7/8/15).
When sale procedures were approved, BPZ didn’t have a buyer under contract. At the conclusion of an auction, Zedd Energy Holdco Ltd. emerged as the winner. A judge in Victoria, Texas, approved the sale on July 8.
Zedd is affiliated with EIG Harbour Energy Advisor LP, according to the sale contract. Harbour Energy Ltd. is affiliated with EIG Global Energy Partners, according ...
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