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Harvest Natural Resources Inc (HNR.N)

HNR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Harvest Natural Q4 EPS $9.00
Monday, 6 Mar 2017 06:30am EST 

Harvest Natural Resources Inc : Harvest natural resources announces 2016 fourth quarter and year-end results . Q4 earnings per share $9.00 . Harvest natural resources inc - intends to declare a distribution payable to shareholders after gabon transaction has closed . Harvest natural resources - q4 results include non-recurring items of gain on sale of harvest-vinccler dutch holding bv of $118.9 million or $10.64 pre-tax per share .Harvest natural resources - q4 adjusted earnings per share $0.72.  Full Article

Harvest Natural Resources announces stockholder authorization of sale of Gabon interests
Friday, 24 Feb 2017 06:30am EST 

Harvest Natural Resources Inc : Harvest Natural Resources announces stockholder authorization of sale of Gabon interests and dissolution of the company .Harvest Natural Resources Inc says more than 92 percent of shares voting on sale voted to approve transaction.  Full Article

Harvest Natural Resources adopts shareholder rights plan to preserve valuable net operating losses
Friday, 17 Feb 2017 05:06pm EST 

Harvest Natural Resources Inc : Harvest Natural Resources adopts shareholder rights plan to preserve valuable net operating losses .Harvest Natural Resources - Board declared a non-taxable dividend of one preferred share purchase right for each share of co's common stock.  Full Article

Harvest Natural Resources to pay $1.12 mln to BW Energy Gabon if sale and purchase agreement is terminated
Wednesday, 28 Dec 2016 04:45pm EST 

Harvest Natural Resources Inc : Harvest Natural Resources - if sale and purchase agreement is terminated under certain circumstances, company must pay a termination fee of $1.12 million .Harvest Natural Resources- if unit terminates under certain circumstances, purchaser must pay unit $2.5 million escrow amount, any accrued interest.  Full Article

Bw Offshore JV in $32 mln agreement to buy Dussafu production sharing contract offshore Gabon
Thursday, 22 Dec 2016 02:03am EST 

BW Offshore: BW Offshore has in partnership with the BW Group entered into agreement to acquire 66.67 pct of the Dussafu production sharing contract offshore Gabon . Subject to closing of this first transaction, the partnership has secured a right to acquire a further 25 pct of the Dussafu license . BW Offshore has formed a joint venture company with BW Group, known as BW Energy Holdings Pte. Ltd. ("BWEH"), for the purpose of pursuing oil and gas interests . The JV is owned 66.67 pct by BW Offshore and 33.33 pct by Maple Company Limited, a wholly owned subsidiary of BW Group Limited . The seller is Harvest Energia B.V, a wholly-owned subsidiary of Harvest Natural Resource, Inc. . A wholly-owned subsidiary of BWEH, known as BW Energy Gabon Pte. Ltd. ("BWEG"), has entered into a sale and purchase agreement with Harvest Energia B.V . Harvest Energia B.V. owns a 66.667 pct interest in the Dussafu production sharing contract with an area covering 210,000 acres located offshore Gabon . The acquisition price is USD 32 million in cash, subject to certain adjustments . Closing of the transaction is subject to fulfilment or waiver of conditions, including among others, approval by the stockholders of Harvest Natural Resource, Inc. and approval from the government of Gabon . The remaining 33.333 pct interest in the Dussafu block is owned by Pan-Petroleum Gabon B.V. ("PPGBV"), a subsidiary of the OSE-listed Panoro Energy ASA.  Full Article

Harvest Natural Resources announces agreement to sell interests in Gabon
Thursday, 22 Dec 2016 01:30am EST 

Harvest Natural Resources Inc : Says BW Energy Gabon will pay HNR Energia $32 million in cash for interest, subject to certain adjustments. . Says net proceeds of transaction are expected to be approximately $29.7 million . Harvest Natural Resources - under terms of sale and purchase agreement, BW Energy Gabon will acquire HNR Energia's 100% interest in Harvest Dussafu B.V. . Says after giving effect to transaction, Harvest would cease to have a presence in Gabon .Harvest Natural Resources announces agreement to sell interests in Gabon.  Full Article

Harvest Natural Resources announces 2016 third quarter results
Wednesday, 9 Nov 2016 06:30am EST 

Harvest Natural Resources Inc : Harvest Natural Resources announces 2016 third quarter results . Q3 adjusted loss per share $0.36 .Q3 loss per share $0.55.  Full Article

Harvest Natural stockholder filed lawsuit against members of company's board on Aug. 9 - SEC Filing
Friday, 12 Aug 2016 07:00am EDT 

Harvest Natural Resources Inc : Lawsuit for court to grant an injunction to prevent completion of proposed deal between company, CT Energy . On August 9, 2016 company's stockholder filed lawsuit against members of company's board of directors, CT Energy Source: http://bit.ly/2bcvzFQ Further company coverage: [HNR.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Harvest Natural Resources Q2 loss per share $0.25
Tuesday, 9 Aug 2016 06:30am EDT 

Harvest Natural Resources Inc : Harvest natural resources announces 2016 second quarter results . Q2 loss per share $0.25 . Q2 adjusted loss per share $0.11 . Will also continue to seek opportunities to sell its Gabon assets . To extent company has not sold Gabon assets, harvest intends to operate and develop those assets in ordinary course of business . 2016 Petrodelta capital expenditures are expected to be approximately $110 million . Petrodelta's production target for 2016 is projected to be approximately 40,451 BOPD . Company is considering options to develop, sell or farm-down Dussafu PSC .2016 Petrodelta capital expenditures are expected to be approximately $110 million.  Full Article

Harvest Natural Resources says will sell Venezuelan assets
Thursday, 30 Jun 2016 06:30am EDT 

Harvest Natural Resources Inc : Harvest Natural Resources announces agreement to sell interests in Venezuela . CT Energy will acquire HNR Energia's 51% interest in Harvest-Vinccler Dutch Holding B.V. . At closing of deal, Harvest will repay all remaining outstanding debt held by CT Energy in excess of $30 million cancelled at closing . Going forward, Harvest's primary asset would be its oil and gas interests in Gabon and cash . Availability of financing is not a condition to transaction . CT Energy or affiliate will deliver to co $80 million cash, $12 million 6-month 11% note payable by CT Energy or such affiliate . Expects to issue additional debt to CT Energy of $2 million a month between now and closing . After giving effect to transaction, harvest would cease to have a presence in Venezuela .Harvest will also continue to seek opportunities to sell its Gabon assets.  Full Article

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BRIEF-Harvest FY operating income down at 4.4 million euros

* FY revenue 24.5 million euros versus 23.2 million euros ($24.6 million) year ago