HARVEST NATURAL RESOURCES, INC. (NYSE:HNR) Files An 8-K Other EventsItem 8.01
As previously disclosed, on December 21, 2016, Harvest Natural Resources, Inc., a Delaware corporation, and its wholly-owned subsidiary, HNR Energia B.V., a Curacao company (“HNR Energia”), entered into a Sale and Purchase Agreement (the “Sale and Purchase Agreement”) with BW Energy Gabon Pte. Ltd, a private Singapore company (“BW Energy”). Under the Sale and Purchase Agreement, HNR Energia agreed to sell to BW Energy all of HNR Energia’s 50% ownership interest in Harvest Dussafu B.V., a Netherlands private limited liability company (“Harvest Dussafu”). Harvest Dussafu owns a 66.67% interest in the Dussafu production sharing contract covering a 210,000 acre area located offshore of Gabon. All the parties to the Sale and Purchase Agreement previously agreed to extend the Longstop Date under the Sale and Purchase Agreement from March 21, 2017 to March 31, 2017.
On March 31, 2017, all parties agreed to further extend the current Longstop Date under the Sale and Purchase Agreement from March 31, 2017 to April 7, 2017.
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 -0.11 at 6.74 with 10,149 shares trading hands.