Seeking Alpha

Harvest Natural gets revised $400M proposal for Venezuela assets

  • Harvest Natural Resources (HNR+24.2% premarket after announcing receipt of a revised $400M proposal from Pluspetrol for the company's interests in Venezuela.
  • Under the proposal, Pluspetrol would purchase HNR's 32% interest in Petrodelta by purchasing HNR Energia's 80% interest in Harvest-Vinccler Dutch Holding in two separate and independent transactions.
  • Also, negotiations with Vitol concerning a sale of its 67% interest in the Dussafu Marine Permit offshore Gabon terminated after failing to reach agreement.
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