BPZ RESOURCES INC

CUSIP: 055639AB4 Class: CNV

ZAZOVE ASSOCIATES LLC's Holding History (CIK: 0001009012)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015
Shares 2,605,000 Value ($000) $417 Avg Close — Range —
Q4 2014
Shares 2,605,000 Value ($000) $1,368 Avg Close — Range —
Q3 2014
Shares 2,605,000 Value ($000) $2,602 Avg Close — Range —
Q2 2014
Shares 5,105,000 Value ($000) $5,204 Avg Close — Range —
Q1 2014
Shares 6,500,000 Value ($000) $6,646 Avg Close — Range —
Q4 2013
Shares 6,500,000 Value ($000) $5,980 Avg Close — Range —