Harvest Natural Resources (HNR) Files $300 Shelf Registration

November 4, 2009 12:43 PM EST

Harvest Natural Resources, Inc. (NYSE: HNR) today announced that the Company has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The registration statement is subject to review by the SEC. When declared effective by the SEC, the shelf registration will allow the Company the flexibility from time to time to offer and sell up to $300 million of equity, debt or other types of securities described in the registration statement, or any combination of such securities.

The proceeds of the securities may be used for capital expenditures, repayment of debt the Company may incur in the future, working capital and other general corporate purposes.

The terms of any future offering would be determined at the time of the offering and would be subject to market conditions and approval by the Company's Board of Directors. Any offering of securities covered by the shelf registration statement will be made only by means of a prospectus authorized by the Company. This filing, once effective, may allow the Company to offer and sell securities if market opportunities present themselves.

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