Harvest Natural Resources Annual Meeting of Stockholders Adjourned to September 15, 2016

HOUSTON, Sept. 8, 2016 /PRNewswire/ -- Harvest Natural Resources, Inc. (Harvest or the Company) HNR today announced that today's annual meeting of stockholders was convened and adjourned, without any business being conducted (other than the adjournment of the meeting).  The annual meeting will reconvene on September 15, 2016 at 3:30 p.m. central time at the Company's headquarters located at 1177 Enclave Parkway, Suite 300, Houston, Texas 77077.  The record date for stockholders entitled to vote at the annual meeting remains August 1, 2016.

The adjournment is intended to provide the Company's stockholders with time to read and consider a supplement to the definitive proxy statement that the Company filed with the Securities and Exchange Commission (the SEC) on August 2, 2016.  The supplement, which the Company plans to file with the SEC shortly, will provide important updates concerning the proposed sale of the Company's Venezuelan interests and the other proposals included in the proxy statement.

About Harvest Natural Resources

Harvest Natural Resources, Inc., headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela and exploration and exploitation assets in Gabon.  For more information visit Harvest's website at www.harvestnr.com.  

CONTACT:
Stephen C. Haynes
Vice President, Chief Financial Officer
(281) 899-5716

Forward Looking Statements

Any forward-looking statements, as that term is defined in Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), contained in this press release involve risks and uncertainties and are subject to change based on various important factors.  All statements in this press release other than statements of historical fact may constitute forward-looking statements.  When used in this press release, the words "intends," "expects," "believes," "plans," "anticipates," "would," "could," "should" and similar expressions are intended to identify forward-looking statements.  Important factors could cause actual results to differ materially from those in any forward-looking statements contained in this press release.  These factors include, among other factors:  (i) the possibility that the Company will be forced to adjourn the meeting a second time; (ii) any delays in closing the proposed sale of the Company's Venezuelan interests or the possibility of non-consummation of the transaction; (iii) the possibility that the closing conditions to the proposed sale of the Company's Venezuelan interests will not be satisfied or waived, including that a governmental entity may prohibit, delay, refuse to grant or withdraw a necessary regulatory approval, or that the Company will fail to obtain the requisite stockholder approvals of the proposed transaction; (iv) the possibility that the closing of the transaction could be prevented or delayed by litigation, or that that litigation could otherwise have negative effects on the transaction or the Company; (v) the occurrence of any event that could give rise to termination of the share purchase agreement; (vi) risks related to the disruption of the transaction to the Company and its management; (vii) the effect of announcement of the transaction on the Company's ability to retain and hire key personnel and maintain relationships with its partners, suppliers and other third parties; (viii) the possibility that the Company may be unable to continue as a going concern; and (ix) and other risks, including those discussed in the Company's definitive proxy statement filed with the SEC on August 2, 2016, the Company's Annual Report on Form 10-K for the year ended December 31, 2015, subsequent Quarterly Reports on Form 10-Q and other public filings.  Except as required by law, the Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements as a result of developments occurring after the date of this press release.

Additional Information

In connection with the proposed sale of the Company's Venezuelan interests to CT Energy Holding SRL and certain other proposals, the Company filed a definitive proxy statement with the SEC on August 2, 2016.  On or about August 8, 2016, the Company mailed the definitive proxy statement to each stockholder entitled to vote at the annual meeting.  Investors and stockholders of the Company should read the definitive proxy statement and other proxy materials carefully before making any voting decision because it contains important information about the proposed sale of the Company's Venezuelan interests and the other proposals included in the proxy statement.  The definitive proxy statement and other relevant materials to be filed with the SEC in the future, including any proxy supplements, may be obtained free of charge at the SEC web site at www.sec.gov.  In addition, investors and stockholders may obtain free copies of documents filed with the SEC by the Company by requesting them in writing or by telephone from the Company at Harvest Natural Resources, Inc., 1177 Enclave Parkway, Suite 300, Houston, TX 77077, Attention: Corporate Secretary, (281) 899-5700.

The Company and its directors and officers and CT Energy Holding SRL and its principals and employees may be deemed to be participants in the solicitation of proxies from the Company's stockholders in connection with the sale of the Company's Venezuelan interests and other proposals included in the proxy statement.  Information about the Company's directors and executive officers and their ownership of Company stock is set forth in the definitive proxy statement, as well as the Company's 2015 Annual Report on Form 10-K, which was filed with the SEC on March 29, 2016, and Amendment No. 1 to its 2015 Annual Report on Form 10-K, which was filed with the SEC on April 29, 2016.  Other information regarding the participants in the proxy solicitation may be contained in additional materials to be filed with the SEC in the future.

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SOURCE Harvest Natural Resources