Harvest Natural Resources, Inc. (HNR) Issues Updated Reserve Report
Harvest Natural Resources, Inc. issued an updated reserve report that incorporates a revaluation of one of the oil and gas fields owned by Petrodelta, S.A., a partly owned affiliate of the company. Harvest Natural Resources, Inc. said that the El Salto field, located in Venezuela, now has 103.0 million barrels of oil equivalent (BOE) of proved and probable reserves as of the end of September 2010. This is a 26% increase from the end of 2009. Harvest Natural Resources, Inc. reported that the increase was due to additional exploration and development in Block 5 of the El Salto Field. The…