30/10/2014 22:59:48 Free Membership Login

Harvest Natural Resources Commences Drilling Operations Dussafu Project in Gabon

Date : 11/19/2012 @ 7:04PM
Source : PR Newswire (US)
Stock : Harvest Natural Resources (HNR)
Quote : 3.63  0.0 (0.00%) @ 1:30PM
Harvest Natural share price Chart

Harvest Natural Resources Commences Drilling Operations Dussafu Project in Gabon

Harvest Natural (NYSE:HNR)
Historical Stock Chart

2 Years : From Oct 2012 to Oct 2014

Click Here for more Harvest Natural Charts.
Harvest Natural Resources Commences Drilling Operations Dussafu Project in Gabon

HOUSTON, Nov. 19, 2012 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) announced today the commencement of drilling operations on the Dussafu Tortue Marin-1 (DTM-1) exploration well located in the Dussafu Marin PSC, offshore Gabon, West Africa.  This exploration well will be drilled utilizing the Scarabeo 3 semi-submersible drilling unit owned and operated by Saipem S.p.A.  Harvest operates the Dussafu PSC, holding a 66.667 percent interest.

The DTM-1 well will be drilled in a water depth of 380 feet to test stacked post-salt Madiela and pre-salt Gamba and Dentale reservoir targets to a planned total depth beneath sea level of approximately 10,500 feet.  Drilling is anticipated to require approximately 40 days.  In the event of success, additional time will be required to test and evaluate the well.

About Harvest Natural Resources:

Harvest Natural Resources, Inc., headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela, exploration assets in Indonesia, West Africa, China and Oman, and business development offices in Singapore and the United Kingdom.  For more information visit the Company's website at www.harvestnr.com.

CONTACT:
Stephen C. Haynes
Vice President, Chief Financial Officer
(281) 899-5716

This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  They include estimates and timing of expected oil and gas production, oil and gas reserve projections of future oil pricing, future expenses, planned capital expenditures, anticipated cash flow and our business strategy.  All statements other than statements of historical facts may constitute forward-looking statements.  Although Harvest believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.  Actual results may differ materially from Harvest's expectations as a result of factors discussed in Harvest's 2011 Annual Report on Form 10-K and other public filings.

SOURCE Harvest Natural Resources, Inc.

Copyright 2012 PR Newswire



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 in 141030 22:59