Harvest Natural Resources Company News

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Venezuela Wants Oil Firm Harvest Out, If It Can Find Deep-Pocketed Buyer
Monday, April 20, 2015 Venezuela would prefer Harvest Natural Resources to leave the country, but wants it to sell a project stake to a company with financial muscle to make major investments, PDVSA says.

Harvest Scores Another Success Offshore Gabon
Monday, February 11, 2013 Harvest Natural Resources says it has made another oil discovery in the pre-salt layer offshore Gabon.

West African Find for Harvest
Friday, January 04, 2013 Harvest Natural Resources reports that it has found oil offshore Gabon, West Africa.

Harvest Natural Spuds Well Offshore Gabon
Monday, November 19, 2012 Drilling commences at the Tortue Marine-1 prospect on the Dussafu Marin Permit, offshore Gabon.

Harvest Natural Lines Up Rig for Prospect Offshore Gabon
Thursday, August 09, 2012 Harvest Natural Resources has secured the use of semisub Scarabeo 3 to drill the Tortue prospect on the Dussafu Marin Permit offshore Gabon.

Harvest Natural Sells Venezuelan Stakes for $725M
Thursday, June 21, 2012 Harvest Natural Resources signs a definitive Share Purchase Agreement with Pertamina to sell all of its interests in Venezuela.

Harvest Natural to Abandon Oman AGN-1 Well
Friday, February 03, 2012 Harvest Natural Resources, Inc. announced that the Al Ghubar North-1 (AGN-1) exploration well onshore Oman will be plugged and abandoned with gas shows.

Harvest Natural's Indonesian Well to Be Plugged
Tuesday, January 03, 2012 Harvest Natural announced that the exploration well KD-1ST is being plugged and abandoned with oil shows.

Harvest Begins Drilling in Oman, Logs Indonesian Well
Friday, December 23, 2011 Harvest Natural Resources provides an update on its onshore exploration drilling operations in Oman and Indonesia.

Harvest Natural to Abandon Oman Well
Thursday, December 08, 2011 Harvest Natural Resources announced that the Mafraq South-A (MFS-1) exploration well onshore Oman has reached total depth.

Harvest Natural Strikes Again Offshore Gabon
Thursday, July 21, 2011 Harvest has discovered a second oil accumulation with approximately 35 feet of oil pay at the Dussafu Ruche Marin-1 (DRM-1) well.

Drillings Ops Resume at Harvest Natural's Budong-Budong Block
Wednesday, June 22, 2011 Harvest Natural announced that drilling operations have resumed in its Budong-Budong Block.

Harvest Natural Hits Oil Pay Offshore Gabon
Monday, June 13, 2011 Harvest Natural Resources has encountered oil in the wildcat well Dussafu Ruche Marin-1 in the offshore waters of Gabon, West Africa.

Harvest Natural Spins Bit Offshore Gabon
Friday, April 29, 2011 Harvest Natural Resources announced the commencement of drilling operations on the Ruche Marin-A exploration well located in the offshore waters of Gabon.

Harvest Natural Resources Updates 1Q11 Ops
Friday, April 08, 2011 Harvest Natural Resources provided an operational update of its first quarter domestic and international exploration and production activity.

Harvest Boosts Venezuelan Reserves
Thursday, October 21, 2010 Harvest Natural Resources announced an increase in reserves for the El Salto field, Venezuela.

Harvest to Drill Additional Wells in Uinta Basin
Monday, April 12, 2010 Harvest will spend $16.1 million to drill additional wells in the Lower Green River and Upper Wasatch formations in the Uintah Basin of Utah.

Harvest Natural Resources Tests Positive Oil in Utah
Tuesday, March 30, 2010 Harvest Natural Resources announced further results from the flow testing of the Bar F 1-20-3-2 well in Duchesne County, Utah.

Harvest Natural Resources Closes Senior Notes Offering
Thursday, February 18, 2010 Harvest Natural Resources has closed its registered direct offering raising gross proceeds of $32 million, before transaction related expenses.

Harvest Natural Resources Prices Offering
Thursday, February 11, 2010 Harvest Natural Resources has successfully priced its senior convertible notes offering.

Newfield, Harvest Turn on Taps at Antelope Project
Friday, December 18, 2009 Harvest Natural Resources has established initial oil and gas production from an eight-well appraisal and development drilling project on its Antelope project in Duchesne County, Utah.

Harvest Natural Resources Bumps Up Venezuelan Reserves
Wednesday, October 21, 2009 Harvest Natural Resources has announced an increase in reserves attributed to Petrodelta, Harvest's 32 percent owned Venezuelan affiliate.

Harvest Natural Resources Reveals 2Q Earnings
Tuesday, August 04, 2009 Harvest reported a 2009 second quarter loss of $4.2 million, or $0.13 per share, compared with a loss of $0.6 million, or $0.02 per share, for the same period last year.

Harvest Natural Resources Reviews Second Quarter E&P Activities
Tuesday, August 04, 2009 Harvest Natural Resources has provided an update on its international exploration and production programs for the second quarter 2009.

Harvest Kicks Off Drilling Operations at Utah's Antelope Project
Monday, June 15, 2009 Drilling operations commenced on the Bar F No. 1-20-3-2 well on Harvest's Antelope project located in the Uinta Basin of northeastern Utah.

Harvest Natural Resources Ups Ante to 100% in Oman Exploration Block
Tuesday, April 14, 2009 Harvest Natural Resources has signed the Al Ghubar / Qarn Alam Exploration and Production Sharing Agreement with the Sultanate of Oman in Muscat, Oman. The company will have a 100% working interest in the block during the exploration phase.

Harvest Natural Resources' Balance Sheet Remains Debt-Free
Thursday, March 05, 2009 Harvest Natural Resources has announced 2008 fourth quarter and year-end earnings. Harvest's balance sheet at year end remains debt-free.

Harvest Natural Resources Underscores Venezuelan Production
Friday, February 27, 2009 Harvest Natural Resources noted that production from its 32% owned Venezuelan affiliate in 2008 was approximately 7.3 million barrels of oil equivalent, including 5.5 million barrels of oil and 10.7 billion cubic feet of natural gas.

Harvest Natural Resources Reviews '08 International Exploration Projects
Tuesday, January 13, 2009 Harvest has announced guidance for its 32%-owned Venezuelan affiliate, Petrodelta, and planned expenditures for Harvest's 2009 U.S. and international exploration program.

Harvest Hones in on Additional Acreage in Galveston Bay
Wednesday, July 09, 2008 Harvest has acquired a significant additional leasehold covering its prospective Bay Exploration Area located in Galveston, Texas.

Harvest Natural Resources Forms U.S. Gulf Coast AMI
Thursday, May 01, 2008 Harvest Natural Resources, Inc. announced it entered into an area of mutual interest (AMI) with a private company to explore and develop oil and natural gas along the Texas and Louisiana Upper Gulf Coast.

HNR Appoints Oenbring Vice President, Western Operations
Tuesday, April 15, 2008 Harvest Natural Resources, Inc. announced that Mr. Patrick R. Oenbring has been elected as Vice President, Western Operations effective immediately.

Harvest Acquires Share of Indonesian Exploration Block
Wednesday, January 02, 2008 During the first three-year exploration phase of the PSC beginning January 2007, Harvest and Tately expect to acquire, process and interpret approximately 500 kilometers of 2D seismic and drill two exploration wells.

Harvest Natural Resources Acquires Interest in Gabon Exploration Block
Thursday, December 13, 2007 Harvest Natural Resources has executed a sale and purchase agreement to acquire a 50% operated interest in the Dussafu Marin Exploration Production Sharing Contract.

Harvest Reports Third Quarter 2007 Results
Thursday, November 01, 2007 Harvest announced 2007 third quarter earnings of $5.4 million, compared with a loss of $13.6 million for the same period last year.

Harvest Signs JV Deal with PDVSA
Wednesday, September 12, 2007 Harvest Natural and Corporacion Venezolana del Petroleo S.A. have signed the conversion contract relating to the formation of Petrodelta, S.A. in Venezuela.

Harvest Says Venezuelan Conversion Progressing
Friday, August 31, 2007 Harvest Natural Resources Harvest Natural Resources MENPET has published a resolution which defines the coordinates of the six fields to be transferred to the mixed company, Petrodelta.

Harvest Natural Resources Announces Stock Purchase Program
Monday, June 25, 2007 Harvest Natural Resources, Inc.'s Board of Directors has authorized the purchase of up to $50 million of Harvest's common stock through open market purchases from time to time.

Venezuelan Assembly Okays Harvest's Mixed Company Conversion
Monday, June 18, 2007 Harvest Natural Resources, Inc. on Monday announced the Venezuelan National Assembly has approved the formation of mixed company Petrodelta, S.A. and the direct award of three additional fields to Petrodelta.

Urals Energy Makes Management Appointments
Monday, February 12, 2007 To reflect the ongoing growth of the company, Urals Energy has appointed three new key management personnel.

Harvest's Venezuelan Affiliate to Become Mixed Company
Tuesday, December 19, 2006 Harvest Natural Resources, Inc. said Tuesday that shareholders representing over 83 percent of the issued and outstanding shares voted in favor of the conversion of its interest in Venezuelan to a Mixed Company ("Petrodelta").

Harvest and CVP Sign MOU Defining Assets for Venezuelan Mixed Company
Monday, August 21, 2006 Harvest Natural Resources, Inc. said Monday that its 80 percent owned affiliate, Harvest Vinccler, C.A. (HVCA), signed a Memorandum of Understanding (MOU) with Corporacion Venezolana del Petroleo S.A. (CVP).

Venezuela's National Assembly Approves All 22 E&P JVs
Monday, May 08, 2006 Venezuela's national assembly approved May 4 all of the 22 contracts for new exploration and production joint ventures between state oil firm PDVSA and 16 foreign and domestic oil companies.

Harvest Natural Resources Sees 1Q06 Loss
Thursday, April 20, 2006 Harvest Natural Resources announced 2006 first quarter earnings of $13.9 million, or $0.36 per diluted share compared with net income of $18.0 million, or $0.47 per diluted share, for the same period last year.

Harvest Signs MOU for Venezuelan Mixed Company
Monday, April 03, 2006 Harvest Natural Resources' 80 percent-owned affiliate, Harvest Vinccler, C.A. (HVCA), has signed a memorandum of understanding with Corporacion Venezolana del Petroleo (CVP) to form a mixed company subject to certain conditions.

Harvest Posts US$51mn Profit in 2005 on Higher Oil Prices
Wednesday, March 01, 2006 Harvest Natural Resources posted profits of US$50.8mn in 2005, up from US$34.4mn in the previous year due to higher prices, the company said in a statement.

Harvest Natural Resources Appoints New Director
Monday, November 21, 2005 Harvest Natural Resources has elected J. Michael Stinson to serve as a Director on the Company's Board of Directors.

Harvest Natural Resources Names James Edmiston Next President and CEO
Friday, September 16, 2005 Harvest Natural Resources announced that its Board of Directors has elected James A. Edmiston as President and Chief Executive Officer, effective October 1, 2005.

Harvest Completes Review of Venezuelan Income Tax Assessment
Monday, August 15, 2005 Harvest Natural Resources reports that Harvest Vinccler, C.A. (HVCA), its 80 percent owned Venezuelan subsidiary, has completed its review of the $85 million preliminary tax assessment previously received from the SENIAT, the Venezuelan income tax authority.

Harvest Natural Resources Receives Venezuelan Income Tax Assessment
Monday, July 25, 2005 Harvest Natural Resources announced that Harvest Vinccler, C.A., its 80 percent owned Venezuelan subsidiary, received a preliminary income tax assessment claim of approximately 184 billion Venezuelan Bolivars from the SENIAT.