Harvest Natural Resources Announces Completion of the Redemption of 11% Senior Notes
HOUSTON, Jan. 15, 2014 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) today announced that on January 10, 2014, it completed the redemption of all $79,750,000 of its outstanding 11% Senior Notes due 2014, plus accrued interest to the date of redemption.
As previously announced, the redemption was conditioned on the successful completion of negotiations and definitive documents for a transaction under which Harvest would sell all of the Company's interests in Venezuela in two separate closings, the first of which occurred on December 16, 2013.
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, and China and business development offices in Singapore and the United Kingdom. For more information visit the Company's website at www.harvestnr.com.
Stephen C. Haynes
Vice President, Chief Financial Officer
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, timing and certainty of future transactions 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 2012 Annual Report on Form 10-K and other public filings.
SOURCE Harvest Natural Resources, Inc.