Wednesday, January 29, 2025

Harvest Natural Resources Announces $32.2 Million in Funding and Strategic Partnership to Maximize Long-Term Value of Venezuelan Operations

Harvest Natural Resources, Inc. (HNR) (Harvest or the Company) today announced that CT Energy Holding SRL, a Venezuelan-Italian consortium, has agreed to purchase from Harvest senior secured notes, convertible notes and warrants. Harvest will immediately receive proceeds of $32.2 million from the sale of the senior secured notes and convertible notes.  Harvest could realize up to $42.5 million in additional proceeds

Total sells its interest in Germany’s Schwedt Refinery to Rosneft for $300 Million

Total (Paris:FP) (TTA.L) (TOT) has signed an agreement to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The transaction is valued at $300 million excluding working capital and remains subject to customary approvals. “The sale of our minority interest in the Schwedt Refinery is

Saratoga Resources, Inc. Files Voluntary Petitions for Protection under Chapter 11; Operations to Continue During Reorganization

Saratoga Resources, Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced the filing of voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the Western District of Louisiana in Lafayette. Saratoga intends to continue to operate its business and manage its properties as debtors in possession. At this time, Saratoga believes it

Magnum Hunter Resources Announces Senior Bank Loan Extension

Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that it has received an extension from the Company’s existing lending group under its senior secured revolving credit facility with respect to the Company’s previously disclosed minimum capital raising obligation. The timeline for satisfying the capital raising obligation has