James A. Edmiston, President and Chief Executive Officer of Harvest Natural Resources (NYSE: HNR), presented today at EnerCom’s The Oil & Gas Conference 20®.
Harvest Natural Resources, Inc. headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela and exploration and exploitation assets in Gabon. Harvest Natural Resources, Inc. is primarily focused on the exploration for and the acquisition and development of oil and gas fields in known hydrocarbon basins worldwide. Company seeks to leverage our global experience in major field development as well as business development and technical skills to create a diversified resource base.
During the second quarter, Harvest Natural Resources entered into a strategic relationship with CT Energy and CT Energia designed to maximize the long-term success and value of Harvest’s Venezuelan operations and its 20.4% investment in Petrodelta.
During the company’s breakout session, management was asked the following questions:
- Who is CT Energy? Did they find you or did the bank find them for you guys?
- How confident are you that your balance sheet will support your strategic plan?
- In your presentation, you mentioned you must have production in South Gabon by 2018. Can you illustrate that?
- You mentioned you have a June 2016 deadline with your CT Energy relationship. If it doesn’t work out, can you find a strong partner who can pay for their end of the project?
- Is there a preference on which stock CT will purchase?
- What kind of influence do you think your relationship with CT will have on your relationship with Petrodelta?
