The Law Offices of Nicholas Koluncich III, LLC Announces Investigation of Harvest Natural Resources, Inc. (“HNR” “Harvest

  The Law Offices of Nicholas Koluncich III, LLC Announces Investigation of
  Harvest Natural Resources, Inc. (“HNR” “Harvest Natural”)

Business Wire

ALBUQUERQUE, N.M. -- August 26, 2013

The Law Offices of Nicholas Koluncich III, LLC is investigating possible
breaches of fiduciary duty and violations of federal securities laws by the
Board of Directors of Harvest Natural Resources, Inc. (“HNR” or “Harvest
Natural”). On or about February 19 or 20, 2013, the company announced the
termination of a significant prospective overseas agreement. This revelation
resulted in an immediate decline in share price, reported on NASDAQ as more
than $3.00 per share. On or about May 3, 2013, HNR announced its intention to
“file amendments to its quarterly reports on Form 10-Q/A for each fiscal
quarter ended March 31, 2012, June 30, 2012 and September 30, 2012, which will
also include amendments to the quarters ended March 31, 2011, June 30, 2011,
and September 30, 2011.” Harvest Natural explained that the
amendments/restatements were made in light of incorrect accounting treatments,
including but not limited to: reporting warrants issued in 2010 as equity
rather than as a liability and recognizing costs as operating activity rather
than as investing activity.

HNR shareholders bore the brunt of the Company’s announcements, suffering a
dramatic decline in the share value. The NYSE reported a value as low as $2.45
per share, down from over $9.00 per share merely weeks earlier, with little
recovery to date. For a more detailed explanation as to what the lawsuit means
to current shareholders, please feel free to contact us. Individuals having
information about this company or its directors and officers are asked to
contact The Law Offices of Nicholas Koluncich III, LLC. Former employees are
particularly encouraged to contact us.

If you own HNR shares or have any questions concerning your rights and
interests with regard to this matter, please contact The Law Offices of
Nicholas Koluncich III, LLC. Initial consultation is free of charge and all
information shall be treated as privileged and confidential. Although no
success in litigation is ever assured, as a long term HNR shareholder, you may
be eligible for some form of financial recovery.

The Law Offices of Nicholas Koluncich III, LLC
6501 Americas Parkway NE
One Park Square – Suite 820
Albuquerque, NM 87110
(505) 881-2228
FAX (505) 881-4288
nkoluncich@newmexicoclassactions.com

The Law Offices of Nicholas Koluncich III, LLC has been representing
individual and institutional investors for over a decade, and served as
counsel in numerous cases in U.S. federal and state courts.

Contact:

The Law Offices of Nicholas Koluncich III, LLC
Nicholas Koluncich, 505-881-2228
fax: 505-881-4288
nkoluncich@newmexicoclassactions.com