About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 215 MM Enterprise Value * 197 MM Cash (03/31/2014) 17.6 MM Debt (03/31/2014) 0 MM Shares Outstanding 42.1 MM Institutional Ownership 72.5% * As of…
Highlights Venezuela continues strong production growth Up 11% in 2013 Current production 45,000 bopd, up 13% vs. 2013 average Venezuela sale pending government approval Estimated 220 million net proceeds after tax and other…
Venezuela Petrodelta 20.4% Equity Interest in Petrodelta Six fields, 9.9 billion barrels of gross oil-in-place Growth underway Current production rate of 45,000 bopd Successful development program ongoing in Temblador, Isleo…
Gabon Dussafu Block HNR DUSSAFU BLOCK GAMBA PROSPECTS/LEADS 680,000 acre PSC, Offshore Gabon Lucina OTHER PROSPECTS/LEADS OIL FIELDS Harvest 66.667% operated interest GAS DISCOVERY 3rd Exploration Period Etame Extends to May…
Cluster Development of Oil Discoveries Contingent Resources Report 1C: 17.0 mmbo gross Moubenga 2C: 36.3 mmbo gross Walt 3C: 70.6 mmbo gross Whitman Work-In-Progress Subsurface engineering Project and facilities engineering…
2009 CGGV Reprocessing of 1994 3D Hibiscus Ruche Tortue HIBM-1 DRM-1/ST2 DTM-1/ST1 Salt Gamba Dentale Poor image under salt Mobile Shale 2009 CGGV Reprocessing of 1994 3D reveals Dentale stratigraphy - discoveries…
2013 Outboard 3D PSTM Preliminary Hibiscus Ruche Tortue HIBM-1 DRM-1/ST2 DTM-1/ST1 Salt Gamba Dentale Noise and multiples Mobile Shale removed Improved image Final data may show further extension of Ruche under…
Dussafu Prospects 2009 Ruche Tortue 2009 Seismic Reprocessing Improved imaging and velocity model vs 1994 Improved structural interpretation Resulted in Ruche and Tortue discoveries NYSE: HNR www.harvestnr.com 10
Dussafu Prospects 2013 45-63 MMBO 15-21 MMBO Lead identified Ruche 27-68 34-48 on new 3D MMBO MMBO Tortue 2013 Seismic Reprocessing Improved imaging and velocity model Further improved structural interpretation…
Potential Tie-In NE of Tortue A 3 km B 3 km Salt Salt Dentale Dentale Mobile Shale Mobile Shale Tortue Gamba New Lead A Structure recognized on B new 3D based on improved imaging Dentale Existing Prospects 5 km…
Dussafu Outboard Leads New 3D shot in 4Q 2013 Outboard Leads Based on 2D Preliminary PSTM 3D data received Tortue Confirms presence of Dentale leads 200-500 Syn-rift prospectivity revealed MMBO below Dentale 50-100 Final 3D…
New Plays Confirmed by New 2013 3D Structural cross-section across Dussafu Syn-rift Fault Blocks NYSE: HNR www.harvestnr.com 14
2013 Outboard 3D Dip Line PSTM Prospectivity in Dentale folds and Syn-rift blocks Tortue/Ruche 10 km Salt Dentale Syn-rift Fault Blocks 1994 3D Coverage Limit NYSE: HNR www.harvestnr.com 15
Example Outboard Leads (3D PSTM) Strike Line View Lead 1 Lead 2 Salt Dentale Mobile Shale 15 km NYSE: HNR www.harvestnr.com 16
Example Outboard Leads (3D PSTM) Dip Line View Lead 1 Lead 2 Salt Salt Dentale Dentale Mobile Shale Mobile Shale 4 km 4 km NYSE: HNR www.harvestnr.com 17
Why Invest in Harvest Catalyst-Rich in Near Term and Beyond Debt-free Currently trading at less than the net proceeds expected from the sale of Venezuela business Gabon Dussafu block provides solid value and compelling upside…
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