UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | August 4, 2005 |
Harvest Natural Resources, Inc.
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(Exact name of registrant as specified in its charter)
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| Delaware | 1-10762 | 77-0196707 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 1177 Enclave Parkway, Suite 300, Houston, Texas | | 77077 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 281-899-5720 |
Not Applicable
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Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On August 4, 2005, Harvest Vinccler, C.A. (HVCA), an 80-percent owned Venezuelan subsidiary of Harvest Natural Resources, Inc., entered into a Transitory Agreement with PDVSA Petroleo S.A. (PPSA). The Transitory Agreement provides that from the year 2005, the fee paid HVCA under the Operating Services Agreement for the South Monagas Unit shall not exceed 66.67% of the value of the crude oil as determined under an Annex to the Transitory Agreement. The Transitory Agreement further provides that the parties undertake to negotiate in good faith the terms and conditions for the conversion of the Operating Services Agreement for the South Monagas Unit into a mixed company. The Transitory Agreement also provides that HVCA undertakes to faithfully pay all amounts due the Venezuelan Income Tax authority under the requirements of the income tax laws.
Item 7.01 Regulation FD Disclosure.
On August 5, 2005, Harvest Natural Resources, Inc. issued a press released announcing that its 80-percent owned Venezuelan subsidiary, Harvest Vinccler C.A.(HVCA), signed a Transitory Agreement with PDVSA Petroleo S.A. (PPSA), on August 4, 2005. The press release is furnished as an exhibit to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Press release dated August 5, 2005, announcing that its 80-percent owned Venezuelan subsidiary, Harvest Vinccler C.A.(HVCA), signed a Transitory Agreement with PDVSA Petroleo S.A. (PPSA) on August 4, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | Harvest Natural Resources, Inc. |
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| August 8, 2005 | | By: | | Steven W. Tholen
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| | | | | Name: Steven W. Tholen |
| | | | | Title: Senior Vice President and CFO |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | Press release dated August 5, 2005, Harvest Natural Resources, Inc. announcing that its 80-percent owned Venezuelan subsidiary, Harvest Vinccler C.A.(HVCA), signed a Transitory Agreement with PDVSA Petroleo S.A. (PPSA), on August 4, 2005. |
