Harvest Natural Resources Announces 2016 Third Quarter Results
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Harvest Natural Resources (HNR) Posts Improved Q3 Profit
November 9, 2016 6:31 AM ESTHarvest Natural Resources (NYSE: HNR) reported Q3 EPS of $0.55, versus $0.52 reported last year.
Highlights for the third quarter of 2016 include:
Venezuela
On October 7, 2016, the Company, and its wholly owned subsidiary, HNR Energia B.V. ("HNR Energia") completed the sale of all of HNR Energia's 51% interest in Harvest Holding to Delta Petroleum N.V., a limited liability company organized under the laws of Curacao ("Delta Petroleum"). At the closing, the Company received consideration consisting of:$69.4 million in cash paid... More