BPZ Resources received an Extended Well Testing (EWT) permit and corresponding gas flaring permit, both valid through November 30, 2010, for the CX11-17D well in the Corvina field in Block Z-1, northwest Peru. As previously announced, the 17D was scheduled to be shut in on August 15, 2010 due to the expiration of its initial six month testing period.
The allocated amount of gas to be flared under the permit should allow the Company to continue producing the well under the same conditions as before, for most, if not all, of the EWT period; which coincides with the anticipated November 30, 2010, date to transition the Corvina field to commercial production.
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