Harvest Natural Resources, Inc. (NYSE-HNR) is primarily focused on the exploration for and the acquisition and development of oil and gas fields in known hydrocarbon basins worldwide. We seek to leverage our global experience in major field development as well as our business development and technical skills to create a diversified resource base.

Harvest is currently engaged in new exploration projects in proven hydrocarbon basins to complement our production, appraisal and development assets in Venezuela. Our diversification efforts include high-impact international drill-ready exploration projects in Indonesia, Gabon and Oman as well as identifying and securing access to other worldwide prospects which can expose the Company to major resource potential.

2010 Highlights:

• Grew production and reserves in Venezuela.

• Company net production was 2.1 MMBOE, an increase of 16% over 2009.

• Net proved reserves of 54.6 MMBOE, a 17% increase over 2009 which replaced 474% of 2010 production.

• Net 2P reserves of 118.9 MMBOE, 43% higher than last year.

• Announced the Bar F discovery in Utah and proceeded with an aggressive and successful appraisal drilling program on our Antelope project. Sold project to Newfield for $215 million in first half of 2011.

• Advanced the exploration programs in Indonesia, Gabon and Oman leading to exploratory drilling on all three in 2011.

• Raised $92 million of new debt capital to increase liquidity and fund our growth plans in 2010 and 2011.