Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - BPZ RESOURCES, INC. | ex99-1.htm |
| EX-32.1 - EXHIBIT 32.1 - BPZ RESOURCES, INC. | ex32-1.htm |
| EX-31.2 - EXHIBIT 31.2 - BPZ RESOURCES, INC. | ex31-2.htm |
| EX-23.1 - EXHIBIT 23.1 - BPZ RESOURCES, INC. | ex23-1.htm |
| EX-31.1 - EXHIBIT 31.1 - BPZ RESOURCES, INC. | ex31-1.htm |
| EX-23.2 - EXHIBIT 23.2 - BPZ RESOURCES, INC. | ex23-2.htm |
| EX-21.1 - EXHIBIT 21.1 - BPZ RESOURCES, INC. | ex21-1.htm |
| EX-10.39 - EXHIBIT 10.39 - BPZ RESOURCES, INC. | ex10-39.htm |
| EX-10.37 - EXHIBIT 10.37 - BPZ RESOURCES, INC. | ex10-37.htm |
| EX-10.38 - EXHIBIT 10.38 - BPZ RESOURCES, INC. | ex10-38.htm |
| EXCEL - IDEA: XBRL DOCUMENT - BPZ RESOURCES, INC. | Financial_Report.xls |
| 10-K - FORM 10-K - BPZ RESOURCES, INC. | bpz20141231_10k.htm |
| EX-32.2 - EXHIBIT 32.2 - BPZ RESOURCES, INC. | ex32-2.htm |
EXHIBIT 12.1
BPZ Resources, Inc.
Calculation of Ratio of Earnings to Fixed Charges
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For the Years ended December 31, |
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2014 |
2013 |
2012 |
2011 |
2010 |
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Earnings: |
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Loss before income taxes |
$ | (76,932 | ) | $ | (63,486 | ) | $ | (54,703 | ) | $ | (31,392 | ) | $ | (71,379 | ) | |||||
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Income from investment in Ecuador property, net of amortization |
(217 | ) | (152 | ) | (62 | ) | (412 | ) | (740 | ) | ||||||||||
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Fixed charges |
27,920 | 26,016 | 31,719 | 30,446 | 21,250 | |||||||||||||||
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Distributed income from investment in Ecuador property |
250 | 250 | 250 | 600 | 928 | |||||||||||||||
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Capitalized interest |
(9,250 | ) | (9,858 | ) | (15,604 | ) | (10,674 | ) | (9,632 | ) | ||||||||||
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Total earnings available for fixed charges |
$ | (58,229 | ) | $ | (47,230 | ) | $ | (38,400 | ) | $ | (11,432 | ) | $ | (59,573 | ) | |||||
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Fixed charges: |
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Interest expense |
$ | 27,920 | $ | 26,016 | $ | 31,719 | $ | 30,446 | $ | 21,250 | ||||||||||
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Total fixed charges |
$ | 27,920 | $ | 26,016 | $ | 31,719 | $ | 30,446 | $ | 21,250 | ||||||||||
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Ratio of earnings to fixed charges (1) |
— | — | — | — | — | |||||||||||||||
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(1) Earnings (loss) available for fixed charges for the years ended December 31, 2014, 2013, 2012, 2011, and 2010 were inadequate to cover fixed charges by $86.1 million, $73.2 million, $70.1 million, $41.9 million, and $80.8 million, respectively. |