Oil and gas producer Harvest Natural Resources Inc said it was not sure when the Venezuelan government would approve the sale of its remaining assets in the country.Shares of Harvest Natural, which also reported a bigger quarterly loss, fell as much as 10 percent to $3.90 on Monday on the New York Stock Exchange.The company is in the process of exiting Venezuela by selling its stake in Petrodelta SA - a joint venture with state-owned Petroleos de Venezuela SA - to Argentinian oil and gas company Pluspetrol for about $400 million.Harvest Natural's Venezuelan asset is its only producing asset. The company sold a part of its assets in the country for $125 million in December.
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 fell by 5.53% or $-0.24/share to $4.10. 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 683187.
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