|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.62 - 7.15|
|52 Week Range||6.62 - 7.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
HOUSTON, May 3, 2017 /PRNewswire/ -- Harvest Natural Resources, Inc. (Harvest or the Company) (HNR) today announced that, in accordance with its previously articulated plan, it expects that the payment of a cash dividend (characterized for U.S. federal tax purposes as a liquidating distribution) of $5.75 per share to the stockholders of record on April 24, 2017 will be completed on May 4, 2017, and trading in Harvest's stock on the New York Stock Exchange will be terminated after the close of business on May 4. Since the record date of April 24, the stock has been trading on a due bill (rather than an ex dividend) basis and will continue to do so until the close of business on May 4. As soon as possible after the close of business on May 4, Harvest will effect its stockholder-approved dissolution by filing its certificate of dissolution with the Delaware Secretary of State. At that time, Harvest will cease to be an operating company and will continue to exist, as required by Delaware law, only for the purpose of winding up its affairs.
HOUSTON, April 13, 2017 /PRNewswire/ -- In accordance with previously announced plans to consider the declaration of a pre-dissolution dividend as part of its overall plan of complete dissolution and liquidation, Harvest Natural Resources, Inc. (Harvest or the Company) (HNR) today announced that its board of directors declared a cash dividend of $5.75 per share of its common stock to all holders of record as of April 24, 2017. The company expects that the dividend, which will be characterized as a liquidating distribution, will be paid approximately 10 days after the record date. Harvest's common stock will cease to trade on the New York Stock Exchange soon after the dividend is paid. At that time, Harvest intends to dissolve by filing its certificate of dissolution with the Delaware Secretary of State. The dissolution was approved by Harvest's stockholders on February 23, 2017. After dissolution, Harvest will exist solely for the purpose of winding up its affairs, as required by Delaware law.
HOUSTON, April 10, 2017 /PRNewswire/ -- HNR Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources, Inc. (Harvest or the Company) (HNR) closed the sale of all of its Gabon interests in accordance with a previously announced Sale and Purchase Agreement dated December 21, 2016 among Harvest, HNR Energia B.V. and BW Energy Gabon Pte. Ltd, a private Singapore company. Under the terms of the Sale and Purchase Agreement, BW Energy Gabon acquired HNR Energia's 100% interest in Harvest Dussafu B.V., which owns a 66.667% interest in the Dussafu production sharing contract covering a 210,000 acre area located offshore Gabon, for $32 million in cash, subject to certain adjustments, including reimbursement for approximately $2.3 million of expenditures in respect of the interests since September 30, 2016. $2.5 million of the $32 million purchase price was retained in an escrow account at Citibank to satisfy any post-closing claims the purchaser may have against Harvest and HNR Energia under the Sale and Purchase Agreement. The $2.5 million (less the amount of any claims) will be released to HNR Energia from the escrow account July 10, 2017.
BW Energy Gabon Pte. Ltd ("BWEG"), a subsidiary of BW Offshore, has today completed the acquisition of 100% interest in Harvest Dussafu B.V. from Harvest Energia B.V., a wholly-owned subsidiary ...