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Mr. Lendrum became a Director of BPZ in July 2005. Mr. Lendrum was appointed in April 2005 as President Chief Operating Officer and a Director of Torch Energy Advisors Incorporated ("Torch") a Houston based company which specializes in the exploitation and development of oil and gas properties mid-stream gas assets and well servicing. From 1993 to 2005 Mr. Lendrum served as President of Rockport Resources Capital Corporation a firm that he founded which focused on providing capital to the energy industry. During this period he was also a principal in Star Natural Gas Company a privately-held company with mid-stream natural gas assets. Previously Mr. Lendrum served as Executive Vice President and Chief Financial Officer of Torch and in senior financial and business development roles with the Torch managed companies of Nuevo Energy Company Energy Assets International and Bellwether Exploration. Mr. Lendrum began his career with the international public accounting firm of KPMG Peat Marwick and earned a BBA in Finance and completed his graduate studies in Accounting Theory at the University of Texas at Austin. Mr. Lendrum will serve as Chairman of the Company's Audit Committee.
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