Form 8-K HARVEST NATURAL RESOURCE For: Mar 30
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Harvest Natural Resources (HNR) Posts Q4 Loss of 2c/Share
March 30, 2015 8:06 AM EDTHarvest Natural Resources (NYSE: HNR) reported Q4 EPS of ($0.02), $0.06 better than the analyst estimate of ($0.08).
The Company is currently experiencing severe liquidity constraints brought about by the failure of the Venezuelan government to approve Harvest's sale of its Venezuelan asset, the failure to pay dividends and other contractual breaches related to Petrodelta. The Company is attempting to raise funds in both the debt and equity markets to fulfill its immediate operating requirements. Harvest is also consulting with professionals in the area of restructuring and reorganization in the event the... More
