8-K

 

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

Date of Report (Date of Earliest Event Reported): June 13, 2005

Harvest Natural Resources, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-10762	77-0196707
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
1177 Enclave Parkway, Suite 300, Houston, Texas		77077
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 281-899-5720

Not Applicable
______________________________________________
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 8.01 Other Events.

On June 13, 2005, Harvest Natural Resources, Inc. ("Harvest") issued a Press Release (the "Press Release") regarding its Venezuelan affiliate, Harvest Vinccler C.A. ("HVCA"). This Press Release provides an update to HVCA's situation in Venezuela. HVCA will experience a further delay in the payment for 2005 first quarter deliveries of oil and gas to Petroleos de Venezuela, S.A. (PDVSA).

The foregoing is qualified by reference to the Press Release which is furnished as an exhibit to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Press release dated June 13, 2005, providing an update to its Venezuelan affiliate Harvest Vinccler C.A.'s (HVCA) situation in Venezuela.

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.

	Harvest Natural Resources, Inc.
June 13, 2005	By:	Steven W. Tholen
		Name: Steven W. Tholen
		Title: Senior Vice President & Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press release dated June 13, 2005, providing an update to its Venezuelan affiliate Harvest Vinccler C.A.'s (HVCA) situation in Venezuela.

EX-99.1

HARVEST NATURAL RESOURCES ANNOUNCES
PDVSA PAYMENT DELAYED

HOUSTON, TX (June 13, 2005) – Harvest Natural Resources, Inc. (NYSE: HNR) today announced that Harvest Vinccler, C.A., its 80 percent owned Venezuelan subsidiary (HVCA) will experience a further delay in the payment for 2005 first quarter deliveries of oil and gas to Petroleos de Venezuela, S.A. (PDVSA). A payment in the amount of $64 million was due on May 31^st, and officials from PDVSA had assured HVCA that payment would be received during the week ending June 10^th. HVCA has been informed by PDVSA that an agreement on the payment process to pay its contractors has been reached between PDVSA and the Venezuelan Central Bank. The Company understands that other oil and gas service contractors doing business in Venezuela have similarly had their payments delayed.

Harvest President and Chief Executive Officer, Dr. Peter J. Hill, said, “We are disappointed with the delay, particularly in the face of repeated assurances from senior PDVSA executives. We will preserve all of our options for recovery in accordance with our contract. We remain hopeful and committed to finding a mutually satisfactory resolution to all issues with PDVSA and to the migration of our current agreement to a mixed company structure under the Organic Hydrocarbon Law.”

Harvest Natural Resources, Inc. headquartered in Houston, Texas, is an independent oil and gas development and production company with principal operations in Venezuela and an office in Russia. For more information visit the Company’s website at www.harvestnr.com.

CONTACT:

Steven W. Tholen
Senior Vice President, Chief Financial Officer
(281) 899-5714

Amanda Koenig
Investor Relations
(281) 899-5716

“This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts may constitute forward-looking statements. Although Harvest believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from Harvest’s expectations as a result of factors discussed in Harvest’s 2004 Annual Report on Form 10-K and subsequent reports.”