HOUSTON, April 29, 2011
/PRNewswire/ -- Harvest Natural
Resources, Inc. (NYSE: HNR) announced today commencement of drilling
operations on the Ruche Marin-A exploration well
located in the offshore waters of Gabon, West Africa.
� This exploration well will be drilled utilizing the Transocean Sedneth 701 semi-submersible drilling unit. �
The
Ruche Marin-A well will be drilled in a water depth of 380 feet to test
multiple stacked pre-salt targets to a planned total measured depth of
approximately 10,100 feet. � Drilling is anticipated to require
approximately 28 days. In the event of success, additional time will be
required to test and evaluate the well. �
About Harvest
Natural Resources
Harvest Natural Resources, Inc.,
headquartered in Houston, Texas,
is an independent energy company with principal operations in Venezuela,
producing and exploration assets in the United States,
exploration assets in Indonesia, West Africa,
China and Oman and
business development offices in Singapore
and the United Kingdom.
For more information visit the Company's website at www.harvestnr.com.
CONTACT:
Stephen
C. Haynes
Vice President, Chief Financial Officer
(281) 899-5716
This
press release may contain projections and other forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. They include estimates and timing
of expected oil and gas production, oil and gas reserve projections of future
oil pricing, future expenses, planned capital expenditures, anticipated cash
flow and our business strategy. All statements other than statements of
historical facts may constitute forward-looking statements. Although Harvest
believes that the expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such expectations will prove to
have been correct. Actual results may differ materially from Harvest's
expectations as a result of factors discussed in Harvest's 2010 Annual Report
on Form 10-K and other public filings.
SOURCE Harvest
Natural Resources, Inc.