Harvest Natural buys share of Indonesian exploration block

Jan 2 (Reuters) - Harvest Natural Resources Inc (HNR.N) said it acquired a 47 percent interest in the 1.35 million acre Budong-Budong Production Sharing Contract (PSC) from Tately Budong-Budong N.V.

During the first three-year exploration phase of the PSC, Harvest and Tately expect to acquire, process and interpret about 500 kilometers of 2D seismic and drill two exploration wells, the independent oil producer said in a statement. (Reporting by Sharangdhar Limaye in Bangalore; Editing by Himani Sarkar)