Harvest Natural Resources (HNR) announces the termination of the deal to sell its Venezuelan...


Harvest Natural Resources (HNR) announces the termination of the deal to sell its Venezuelan interests for $725M as the Indonesian government - the owner of the buyer - votes not to approve. Shares -23.5% to $7.01, but the stock was below $5 before the deal was announced last summer. (PR)

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  • Mike Walker
    , contributor
    Comments (386) | Send Message
     
    Venezuela - heartbreak hotel for the entire oil biz.

     

    PDVSA claims they will drill 10500 wells in the Orinoco and ramp production to 4MM BOPD over the next 5 years. Pure fantasy of course.
    20 Feb 2013, 07:36 AM Reply Like
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