BPZ Resources Inc., Houston, (NYSE Amex: BPZ) says it has reached total depth on the sidetrack of the CX11-15D well in northwest Peru.

The well, which is in the offshore Corvina field in Block Z-1, has been logged, cased and cemented. BPZ says it is preparing to flow test and place the well into the ongoing long-term well testing program.

BPZ president and chief executive officer Manolo Zuñiga says, “This well is located in a more updip location and should allow us to test for oil in the sands encountered in the original CX11-15D well bore. The electric logs are encouraging and continue to validate our geological model for Covina. We will provide additional information once the well is completed and starts producing under our long term oil testing program, while the prospective gas sands will remain behind pipe until needed for our gas-to-power project.”

BPZ has contracts for oil and gas exploration and production covering approximately 2.4 million acres in four properties in northwest Peru. It also owns a minority working interest in a producing property in southwest Ecuador.