SOURCE: Equity Markets Inc

July 06, 2011 09:00 ET

Research Report on BPZ Resources, Inc. and Gran Tierra Energy Inc. - Global Demand Makes Barrels Roll

MACAU--(Marketwire - Jul 6, 2011) - Today, announced its research report highlighting BPZ Resources, Inc. (NYSE: BPZ) and Gran Tierra Energy Inc. (NYSE Amex: GTE). Full content and research is available at

As it is expected to see rising oil prices, production growth, improved global economic growth and geopolitical tensions placing pressure on E&P stocks, the growth of this sector is optimistic. The EPS are expected to see growth of about 26% in 2011 and 29% in 2012. As of June, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded 2.4 million b/d in 2010, to 86.7 million b/d, and sees demand growth of 1.75 MMb/d in 2011, to 88.43 MMb/d. Earlier in 2011, crude oil prices reached highs not seen since 2008, reflecting the disruption of exports from Libya and unrest in the Middle East and North Africa.

Equity Markets has reviewed BPZ Resources, Inc. as an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company has the exclusive rights and license agreements for oil and gas exploration and production covering approximately 2.2 million acres in four blocks in northwest Peru and off the northwest coast of Peru in the Gulf of Guayaquil. Its license contracts cover 100% ownership of the properties. The full research report on BPZ Resources, Inc. (NYSE: BPZ) is available here:

Equity Markets is covering Gran Tierra Energy Inc. as an independent international energy company engaged in oil and gas acquisition, exploration, development and production. Gran Tierra owns oil and gas properties in Colombia, Argentina, Peru and Brazil. During the year ended December 31, 2010, its geographic focus was on South America. It focused on development of producing fields and generation of exploration prospects in Colombia, including the three blocks in the 2010 Colombia Bid Round, and acquisition of a working interest in an additional block. On March 18, 2011, Gran Tierra acquired Petrolifera Petroleum Limited.The full research report on Gran Tierra Energy Inc. (NYSE Amex: GTE) is available here:

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