BPZ RESOURCES INC

CUSIP: 055639AB4 Class: CNV

Indaba Capital Management, L.P.'s Holding History (CIK: 0001524362)

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

Q4 2014
Shares 13,000,000 Value ($000) $7,053 Avg Close — Range —
Q1 2014
Shares 11,766,000 Value ($000) $11,972 Avg Close — Range —
Q4 2013
Shares 7,400,000 Value ($000) $6,660 Avg Close — Range —