Harvest Natural Resources Announces Another Oil Discovery in the Pre-Salt Offshore Gabon

  Harvest Natural Resources Announces Another Oil Discovery in the Pre-Salt
                                Offshore Gabon

PR Newswire

HOUSTON, Jan. 4, 2013

HOUSTON, Jan. 4, 2013 /PRNewswire/ --Harvest Natural Resources, Inc. (NYSE:
HNR) today announced that it has encountered oil in the wildcat well Dussafu
Tortue Marin-1 (DTM-1) drilled in the Dussafu Marin PSC, in the offshore
waters of Gabon, West Africa. Harvest operates the Dussafu PSC, holding a
66.667 percent interest. The well was spudded on November 19, 2012, and is
being drilled to test the potential of the pre-salt Gamba and Dentale
Formations.

Drilled with the Saipem Scarabeo 3 semi-submersible drilling unit in 380 feet
of water, the DTM-1 well has reached a vertical depth of 11,260 feet within
the Dentale Formation. Log evaluation and pressure data indicate that Harvest
has discovered approximately 42 feet of pay in a 72 foot oil column within the
Gamba Formation and 123 feet of pay in stacked reservoirs within the Dentale
Formation.

Additional technical evaluation will be required to appraise this discovery.
Forward plans include fluid sampling and a sidetrack, which will appraise the
Dentale sands in a structurally superior position and the lateral extent of
the Gamba reservoir, with a provision for flow testing one or more of the
subject pay intervals. Harvest will provide an update on the drilling
operations in due course.

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.

Website: http://www.harvestnr.com
 
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