Harvest Natural Resources, Inc. (HNR)’s Investors Conference Call Transcript

Although the company believes that the expectations reflected in such forward looking statements are reasonable, we can give no assurance that such expectations will proved to have been correct. Actual results may differ materially from the company’s expectations due to change in operating performance, project or billing schedules, oil and gas prices, as well as other technical, political and economic factors. Additional detailed information concerning a number of factors could cause actual results to differ materially from today’s information is readily available in company’s SEC filings under the heading risk factors and disclosure regarding our results.

Investors are urged to consider closely the disclosure of form 10-k which is available in SEC on our website. In addition, we will discuss potential transactions involving company assets. We can give no assurances that those transactions will be completed. At this time, I would like to turn the call forward to Mr. James A. Edmiston, Harvest Natural Resources’ President and Chief Executive Officer.

Mr. James A. Edmiston, Harvest Natural Resources’ President and Chief Executive Officer.

Thanks Keith and thanks for joining us today. I’m required to add a bit more color to the recent current relation 8-K where we announced the recent request for arbitration against Venezuela. I’m required to summarize with such proceeding looks alike in terms of steps and timing as well as what this actually means for company on strategic terms. Let me state up front that while our decisions at current route shouldn’t be surprising for most observers, it is certainly not our preferred outcome. We simply had no other options to preserve out rights in this case.

Where clearly pursuing arbitration will require the company to make strategic shifts that soon become irreversible so I communicate clearly and I hope that Venezuela will understand that there is remains a very short wonder of opportunity urgently set things right before those parties march out of the arbitration path. Till that point, I don’t want to use this call to one and a half an hour on is been treated in Venezuela nor do I think it serves their purpose at this stage. As a result I do not planned a whole Q&A session of this call but as always you are free to contact company directly with your questions in the coming days and weeks.