Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit against Harvest Natural Resources Inc.

  Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit against Harvest
  Natural Resources Inc.

Business Wire

LOS ANGELES -- March 27, 2013

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of Texas
on behalf of a class (the “Class”) comprising all purchasers of the securities
of Harvest Natural Resources Inc. (“Harvest” or the “Company”) (NYSE:HNR)
between May 7, 2010 and March 18, 2013.

Harvest, an independent energy company, engages in the acquisition,
exploration, development, production and disposition of oil and natural gas
properties. The Complaint alleges that throughout the Class Period defendants
made false and/or misleading statements or failed to disclose material adverse
facts about the Company's financial performance and prospects. Specifically,
defendants misrepresented or failed to disclose that: (1) the Company
incorrectly capitalized certain lease maintenance costs and certain internal
selling, general and administrative costs; (2) the Company improperly
presented certain cash flow items and caused certain long-lived assets to be
impaired; (3) the Company was unable to sell its interests in Petrodelta S.A.
to PT Pertamina (Persero); (4) the Company lacked adequate internal and
financial controls; and (5) as a result of the foregoing, the Company's
statements were materially false and misleading at all relevant times.

No class has yet been certified in this action. Until a class is certified,
you are not represented by counsel unless you retain one. If you purchased
Harvest securities during the Class Period, you have certain rights, and have
until May 21, 2013 to move for lead plaintiff status. To be a member of the
class you need not take any action at this time, and you may retain counsel of
your choice. If you wish to discuss this action or have any questions
concerning your rights or interests with respect to these matters, please
contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at
(310) 201-9150, Toll Free at (888) 773-9224, by e-mail to, or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.


Glancy Binkow & Goldberg LLP
Michael Goldberg
(310) 201-9150 or (888) 773-9224
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