Harvest Natural Resources Q2 Loss Narrows - Quick Facts

(RTTNews) - Harvest Natural Resources Inc. (HNR) reported a second quarter net loss of about $1.65 million or $0.04 per share, compared to a net loss of $4.47 million or $0.12 per share in the same period last year.

The second quarter results included exploration charges of $1.6 million and non-recurring charges of $3.2 million in impairment costs related to the Budong Budong block.

Adjusted for exploration charges and non-recurring items, Harvest would have posted second quarter net income of approximately $3.1 million, or $0.07 per share, before any adjustment for income taxes.

Loss from operations widened to $9.76 million from $9.65 million in the prior year.