Sale of Harvest's Venezuela Assets Derailed

摘要

Shares in Harvest Natural Resources fell by around 40% on Wednesday as the Houston-based company confirmed that Indonesia's government had blocked the planned sale of Harvest's Venezuelan upstream assets to Indonesian state oil company Pertamina. "Harvest remains committed to exploring all possible alternatives to unlock the potential of our assets and maximize value for our shareholders," said Chief Executive James Edmiston, who admitted he was "disappointed" that the sale had fallen through.