Top 5 Oil Companies To Invest In Right Now

Top 5 Oil Companies To Invest In Right Now: Harvest Natural Resources Inc (HNR)

Harvest Natural Resources, Inc., incorporated on September 9, 1988, is a petroleum exploration and production company. The Company is engaged in the exploration, development and production of properties in geological basins with proven active hydrocarbon systems. The Company holds interest in the Bolivarian Republic of Venezuela (Venezuela). The Company's Venezuelan interests are owned through Harvest-Vinccler Dutch Holding, B.V. Through HNR Energia, B.V. (HNR Energia), the Company indirectly owns 80% of Harvest Holding and its partner, Oil & Gas Technology Consultants (Netherlands) Cooperatie U.A., indirectly owns the remaining 20% interest of Harvest Holding. Harvest Holding owns, indirectly through wholly owned subsidiaries, a 40% of Petrodelta, S.A. (Petrodelta). The Company indirectly owns a net 32% interest in Petrodelta, and Venezolana de Inversiones y Construcciones Clerico, C.A. (Vinccler) indirectly owns 8%. Corporacion Venezolana del Petroleo S.A. (CVP) owns the remaining 60% of Petrodelta. Petroleos de Venezuela S.A. (PDVS) owns 100% of CVP. Harvest Holding has a direct controlling interest in Harvest Vinccler S.C.A. (Harvest Vinccler).

As of December 31, 2012, the Company's operations were located at Venezuela, Republic of Indonesia, Republic of Gabon, Sultanate of Oman and People's Republic of China. In Venezuela operations are through the Company's Petrodelta. In Republic of Indonesia (Indonesia) the operations are mainly onshore in West Sulawesi in Indonesia through the Budong PSC. The Company owns a 64.51% interest in the Budong PSC. In Republic of Gabon (Gabon) operations are offshore of Gabon through the Dussafu PSC. The Company has a 66.667% interest in the Dussafu PSC. The Company is the operator. In Sultanate of Oman (Oman) the operations are onshore in Oman through the exploration and p! roduction sharing agreement (EPSA) Al Ghubar / Qarn Alam license (Block 64 EPSA). The Company has an 80% interest in Block 64 EPSA. The Company is the operator. In People's Republic o! f China (China) the exploration acreage is offshore of China in the South China Sea through the Wab-21 Petroleum Contract (Wab-21). The Company has a 100% interest in the WAB-21 petroleum contract. The Company is the operator.

Petrodelta is engaged the exploration, production, gathering, transportation and storage of hydrocarbons from the Petrodelta Fields. As of December 31, 2012, there were 86 oil and natural gas producing wells and seven water injection wells in the Petrodelta Fields. As of December 31, 2012, there were 15 oil producing wells and four water injection wells in the Tucupita Field. As of December 31, 2012, there were 28 oil producing wells in the Temblador Field. At December 31, 2012, there were 17 oil producing wells and one water injection well in the El Salto field.

Advisors' Opinion:

• [By Tess Stynes]

  Harvest Natural Resources Inc.(HNR) agreed to sell all the company’s interest in Venezuela for $400 million in cash, as the energy company moves forward with its plans to sell itself.  Shares were up 24% at $4.89 premarket.

• [By Lauren Pollock]

  Among the companies with shares expected to actively trade in Monday’s session are Achillion Pharmaceuticals Inc.(ACHN), Active Network Inc.(ACTV) and Harvest Natural Resources Inc.(HNR)

• [By Paul Ausick]

  Harvest Natural Resources Inc. (NYSE: HNR) is up 17.3% at $4.62. The independent oil & gas company received an upgrade today based on the belief that company can sell some of its foreign assets.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-oil-companies-to-invest-in-right-now-3.html