About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 41.4 MM Enterprise Value * 54.7 MM Cash (06/30/2015) 18.9 MM Debt** (6/30/2015) 32.2 MM Shares Outstanding 42.7 MM Institutional Ownership 72% * As of…
Back from the Brink On January 1, 2015, HNR exercised its right to terminate the SPA with Petroandina resulting from failure to obtain the Venezuela approvals: On January 2, 2015 HNR stock was trading at 0.93 On January 15, 2015 HNR…
Terms of CT Energy Transaction CT Energy funded 32.2 million to Harvest on June 19, 2015 through convertible and non-convertible notes 25.2 million non-convertible senior secured note, 5-year term 15% interest 6.97 million…
Terms of CT Energy Transaction (contd) Three new board members CT Energy appointed three members to the Company's board of directors, including one appointee serving as an independent director Additional draw note provision Under…
Rationale and Benefits Of The Transaction Re-Capitalization of Harvest Designed to meet Harvest liquidity needs Repositions Harvest for long-term growth, both in Venezuela and Gabon Superior to alternative of funding Chapter 11…
Potential Shareholder Value Creation CT Energy Transaction NYSE: HNR www.harvestnr.com 8
Progress to Date Key provisions of Petrodelta term sheet Financing plan for Petrodelta to ensure funding of its capital requirements Independent cash management of Petrodelta hydrocarbon sales through an offshore bank, ensuring…
Venezuela Petrodelta 20.4% Equity Interest in Petrodelta Six fields, 10 billion barrels of gross oil-in-place Growth underway Average 37,929 bopd in 2Q 2015 Development program ongoing in Temblador, Isleo and El Salto Six…
Petrodelta Huge Oil Resource 10 Billion Barrels Oil Originally in Place 99% agreement between Venezuela Official Estimates and Harvest Estimates (Ryder Scott) Ultimate Recovery Factors in general agreement for 3P reserves…
Petrodelta Production Performance Operating Service Contract Petrodelta Oil Production 2004-2015 from 1992 to January 2005 Conversion to Petrodelta lasted from 2005 through 2007 Drilling resumed in 2008 Production growth at El…
Dussafu Overview South Gabon Basin 680,000 acre PSC, Offshore Gabon Etame HNR DUSSAFU BLOCK GAMBA PROSPECTS 66.667% operated interest N Tchibala GAMBA LEADS DENTALE PROSPECTS Superior fiscal terms OIL FIELDS GAS DISCOVERY S…
Dussafu Runway for Growth 1' ) E ) Q DUSSAFU OUTBOARD DENTALE PROSPECTS RUCHE EEA and Prospects ' MQ ) 1' M 2015 Gross Discovered Resources P50 = 36 mmbo ) E E A Exploration Inventory E M Seven Gamba…
Prospects A & B Dentale (3D PSDM) Structure Intra-Dentale A Prospect A A Geology A Fault-separated twin 4-way closures X B Stacked Dentale sands A Dentale Prospect Size B Vertical closure of 310m over area of 65 km2 X A…
Prospects 6 and 7 (3D PSDM) Structure Base Salt Geology X Fault separated four-way closures Gamba and Dentale potential 7 Prospect Size Prospect 6: Gamba and Dentale combined 6 P50 = 32 mmbo Ruche Prospect 7: Gamba only X P50 =…
Summary September 9, 2015 Annual Meeting of Stockholders to vote on proposals related to the strategic transaction with CT Energy Very strong alignment with current shareholder interest Provides significant upside for…
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