| Harvest Natural Resources Announces Filing of Request for International Arbitration Against Venezuela | |
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HOUSTON, Jan. 16, 2015 /PRNewswire/ -- Harvest Natural Resources, Inc. (HNR) (Harvest or the Company) today announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have submitted a Request for Arbitration against the Government of the Bolivarian Republic of Venezuela before the International Centre for Settlement of Investment Disputes (ICSID) regarding Harvest BV's interest in Venezuela and violations by the Government of Venezuela of the Netherlands – Venezuela Bilateral Investment Treaty. ICSID is an international arbitration institution sponsored by the World Bank in Washington D.C. The Harvest BV equity owners unaffiliated with the Company, including Petroandina Resources Corporation N.V. and Oil & Gas Technology Consultants (Netherlands) Cooperatie U.A. are not parties to the Request for Arbitration. About Harvest Natural Resources Harvest Natural Resources, Inc., headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela and Gabon and a business development office in Singapore. For more information visit Harvest'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 2013 Annual Report on Form 10-K and other public filings. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harvest-natural-resources-announces-filing-of-request-for-international-arbitration-against-venezuela-300021623.html
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Harvest Natural Resources Inc.
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CODE : HNR |
ISIN : US41754V1035 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Harvest Natural est une société développant des projet miniers et de pétrole basée aux Etats-Unis D'Amerique. Harvest Natural détient divers projets d'exploration au Gabon. Son principal projet en exploration est RUCHE MARIN A au Gabon. Harvest Natural est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 73,1 millions US$ (66,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 mai 2007 à 9,99 US$, et son plus bas niveau récent le 15 janvier 2016 à 0,30 US$. Harvest Natural possède 11 040 000 actions en circulation. |