Harvest Natural sets date for shareholder vote on Petrodelta sale

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

Harvest Natural Resources (HNR +4.5%) sets May 7 for a shareholder vote on the company's proposed sale of its 20.4% ownership stake in its Petrodelta joint venture with Venezuela's PDVSA to an affiliate of Argentina's Pluspetrol Resources.

Cash-strapped HNR warned recently that its future liquidity depends heavily on completing the sale.

The deal also will require approval by local authorities in Venezuela.