BPZ RESOURCES INC

CUSIP: 055639AC2 Class: Bond

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

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

Q4 2014
Shares 52,674,000 Value ($000) $17,109 Avg Close — Range —
Q3 2014
Shares 44,250,000 Value ($000) $43,945 Avg Close — Range —
Q2 2014
Shares 44,250,000 Value ($000) $51,941 Avg Close — Range —
Q1 2014
Shares 26,500,000 Value ($000) $30,552 Avg Close — Range —
Q4 2013
Shares 22,000,000 Value ($000) $19,580 Avg Close — Range —