Harvest Natural gets revised $400M proposal for Venezuela assets

|About: Harvest Natural Resources, ... (HNR)|By:, SA News Editor

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.