Harvest Natural Resources Inc, an oil and gas producer, posted a bigger fourth-quarter loss after taking two charges related to the planned sale of assets in Venezuela.The company, whose only producing asset is in the South-American country, has been struggling with liquidity constraints which has interfered with its attempts to sell itself or its assets.Houston-based Harvest, which has no operations in North America, has discontinued its operations in Oman and Colombia, and on Monday said it was in talks on the sale of its stake in a block located on the Indonesian island of West Sulawesi.The company, which is unable to operate in the South China Sea due to a border dispute between China and Vietnam, gave no further update on its stake in an offshore license in Gabon.
Harvest Natural Resources, Inc. is a petroleum exploration and production company engaged in the exploration, development and production of properties in geological basins with proven active hydrocarbon systems. Shares of HNR traded higher by 6.63% or $0.27/share to $4.34. In the past year, the shares have traded as low as $2.45 and as high as $6.08. On average, 389974 shares of HNR exchange hands on a given day and today's volume is recorded at 547195.
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