USA: New Appointments Bring Decades of Experience to BPZ Energy

BPZ Energy , an independent oil and gas exploration and production company, announced today that Mr. Stephen R. Brand and Ms. Jerelyn Eagan have accepted positions as Independent Directors. Their appointments are effective immediately.

Mr. Brand has extensive experience in the oil and gas business, starting his career in 1976 as a geologist with Phillips Petroleum Company. He thereafter served in various roles of increasing responsibility within Phillips Petroleum Company and its successor, ConocoPhillips, including serving as President of its Canada and Australasia businesses. Since 2011, Mr. Brand has served as Senior Executive Advisor and member of the Advisory Board of Welltec A/S, a privately held Danish corporation that develops and provides well technology and related services for the oil and gas industry. He is also Senior Advisor to Clean Range Ventures, a cleantech venture targeting transformative opportunities in the areas of virtual utilities, resource management, advanced transportation, and low carbon energy.

Mr. Brand is also a member of the Board of Directors of SM Energy, a member of the Accenture Global Energy Board and a member of the Board of Directors of Australian American Chamber of Commerce. He received his B.A. in geology from the University of Minnesota, Duluth, and received his M.S. and Ph.D. degrees in geology from Purdue University.

Ms. Eagan’s experience includes 30 years with Royal Dutch Shell and Shell Oil Company in the U.S., London and The Hague, Netherlands in various roles such as Vice President, Finance for Global Gas and Power at Royal Dutch Shell, Vice President Finance and Commercial, Americas Region and Chief Financial Officer, Shell Oil Company. After retiring from Shell in 2005, Ms. Eagan was employed by Delta Hydrocarbons B.V. as Chief Financial Officer until 2009.

Ms. Eagan joined the board of directors of Marine Spill Response Corporation (MSRC) in January 2012, and is chair of its audit committee. MSRC was formed to offer spill response services and mitigate damage to the environment. She received her law degree from the South Texas College of law. In addition, she holds a B.A. in Accounting from the University of New Orleans and an M.B.A. from the University of Houston. Ms. Eagan was previously a Certified Public Accountant and a Certified Management Accountant.

“We welcome the addition of Mr. Brand and Ms. Eagan to our Board of Directors, “commented Mr. James B. Taylor, Chairman of the Board for BPZ Resources, Inc., “Their combined operational and financial experience will be a great asset to our Company as we continue to focus on execution of our key initiatives to grow shareholder value over time.”

Houston-based BPZ Energy is an independent oil and gas exploration and production company with exclusive license contracts covering approximately 2.2 million acres in four blocks in northwest Peru. The Corvina oil field in offshore Block Z-1 is the Company’s core producing asset.

Source: BPZ Energy, April 5, 2012


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