UPDATE: Harvest Natural Spikes to New Year High, Up 13% - Discovers Oil Offshore Gabon

Harvest Natural Resources Inc. ( HNR ) has surged 13.3% to $10.43, below the new 52-week high of $10.83 hit earlier today, after the company said that it has encountered oil in the wildcat well Dussafu Tortue Marin-1 drilled in the Dussafu Marin PSC, in the offshore waters of Gabon, West Africa.

Harvest operates the Dussafu PSC, holding a 66.667% interest.

The company said additional technical evaluation will be required to appraise this discovery.

HNR has a 52-week low of $4.85. Shares have fallen 45% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.