Harvest Natural Resources Commences Drilling Operations Dussafu
Project in Gabon
HOUSTON, Nov. 19, 2012 /PRNewswire/ -- Harvest
Natural Resources, Inc. (NYSE: HNR) announced today the
commencement of drilling operations on the Dussafu Tortue Marin-1
(DTM-1) exploration well located in the Dussafu Marin PSC, offshore
Gabon, West Africa. This
exploration well will be drilled utilizing the Scarabeo 3
semi-submersible drilling unit owned and operated by Saipem
S.p.A. Harvest operates the Dussafu PSC, holding a 66.667
percent interest.
The DTM-1 well will be drilled in a water depth of 380 feet to
test stacked post-salt Madiela and pre-salt Gamba and Dentale
reservoir targets to a planned total depth beneath sea level of
approximately 10,500 feet. Drilling is anticipated to require
approximately 40 days. In the event of success, additional
time will be required to test and evaluate the well.
About Harvest Natural Resources:
Harvest Natural Resources, Inc., headquartered in Houston, Texas, is an independent energy
company with principal operations in Venezuela, exploration assets in Indonesia, West
Africa, China and
Oman, and business development
offices in Singapore and the
United Kingdom. For more information visit the Company's
website at www.harvestnr.com.
CONTACT:
Stephen C. Haynes
Vice President, Chief Financial Officer
(281) 899-5716
This press release may contain projections and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. They include estimates and timing of expected
oil and gas production, oil and gas reserve projections of future
oil pricing, future expenses, planned capital expenditures,
anticipated cash flow and our business strategy. All
statements other than statements of historical facts may constitute
forward-looking statements. Although Harvest believes that
the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to have been correct. Actual results may differ
materially from Harvest's expectations as a result of factors
discussed in Harvest's 2011 Annual Report on Form 10-K and other
public filings.
SOURCE Harvest Natural Resources, Inc.