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Harvest Natural Resources (HNR) +5.4% premarket after announcing a new oil discovery offshore...

Harvest Natural Resources (HNR) +5.4% premarket after announcing a new oil discovery offshore Gabon via a well at the Tortue Marin prospect in the Dussafu field in the pre-salt Gamba and Dentale formations. Shares also could be ticking higher as speculation about the deteriorating health of Venezuelan president Hugo Chavez makes the rounds, as more than half of HNR's assets are in the country.
Comments (2)
  • HNR borrowed at over 11% to fund Gabon wells. Good news that a shallow wildcat well hit what may be a big play.

     

    On HNR's sale of its VN assets, I've been following the US, VN and Indonesian press on the situation. My take is that it will likely be approved, in a slightly changed format. Buyer and VN operate under rules that differ from US. You do not want to know the details.
    4 Jan 2013, 09:02 AM Reply Like
  • Details could be imformative User ?? :) - either way gd or bd
    4 Jan 2013, 10:43 AM Reply Like
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