HARVEST NATURAL RESOURCES, INC. (NYSE:HNR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On March31, 2017, Karl L. Nesselrode, Vice President, Engineering
Business Development of Harvest Natural Resources, Inc, a
Delaware corporation (the Company), resigned from the
Company in connection with the planned dissolution and
liquidation of the Company.
In connection with Mr.Nesselrodes resignation, the Company
entered into a Consulting Agreement, dated March31, 2017 (the
Consulting Agreement), with Mr.Nesselrode to which
Mr.Nesselrode will provide services to the Company as an
independent contractor on an hourly basis. The Consulting
Agreement expires on May31, 2017.
The foregoing summary of the Consulting Agreement does not
purport to be a complete description of the terms and conditions
of the Consulting Agreement and is qualified in its entirety by
the full text of the Consulting Agreement attached as Exhibit
10.1, which is incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 10.1 |
Consulting Agreement, dated March31, 2017, between the Company and Karl L. Nesselrode. |
About HARVEST NATURAL RESOURCES, INC. (NYSE:HNR)
Harvest Natural Resources, Inc. (Harvest) is a petroleum exploration and production company. The Company focuses on acquiring exploration, development and producing properties in geological basins with proven active hydrocarbon systems. The Company has interest in the Bolivarian Republic of Venezuela (Venezuela). In addition to its interests in Venezuela, it holds exploration acreage offshore of Republic of Gabon (Gabon).The Company has operations in Venezuela and Gabon. Venezuela operations are conducted through its investment in affiliate Petrodelta. It holds interest in fields, including Uracoa Field, Tucupita Field, Bombal Field, Isleno Field, Temblador Field and El Salto Field. The Dussafu Production Sharing Contract (Dussafu PSC) contract area is located offshore Gabon, adjacent to the border with the Republic of Congo. It contains approximately 680,000 acres with water depths to over 1,650 feet. HARVEST NATURAL RESOURCES, INC. (NYSE:HNR) Recent Trading Information
HARVEST NATURAL RESOURCES, INC. (NYSE:HNR) closed its last trading session down -0.03 at 6.61 with 44,808 shares trading hands.
