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Dr. Zúñiga y Rivero became Chairman of the Board of BPZ upon consummation of the Merger with Navidec Inc. in September 2004. Prior to the Merger and since 1996 he served as Chairman of BPZ & Associates Inc. the former parent company of BPZ-Texas. which has been inactive subsequent to the Merger. Dr. Zúñiga y Rivero was also Energy Division project officer of The World Bank where he planned and implemented exploration promotion projects in 58 countries ranging from East and West Africa Eastern Europe and Southeast Asia to Latin America from 1979 to 1996. Dr. Zúñiga y Rivero has fifty years of experience in the international energy industry starting as an exploration geologist biostratigrapher and exploration head of an Exxon affiliate in Peru and continuing as exploration production manager integrated operations manager general manager and ultimately serving as Chairman and CEO of Petróleos del Peru the national oil company of Peru. Dr. Zúñiga y Rivero holds B.S. M.S. and Ph.D. in Geology from the University of San Augustin Peru and conducted postgraduate studies at the University of California Los Angeles. In April 2005 Dr. Zúñiga y Rivero became a director of Transmeridian Exploration Inc. a public oil and gas company with operations in Kazakhstan. | 