Item 8.01 Other Events.

On April 14, 2009, Harvest Natural Resources, Inc., issued a press release announcing the signing of the Al Ghubar / Qarn Alam Exploration and Production Sharing Agreement with the Sultanate of Oman in Muscat, Oman. Harvest will have a 100% working interest in the block during the exploration phase. Oman Oil Company will have the option to back in to up to a 20% interest in the block after the discovery of gas.

The Al Ghubar / Qarn Alam license is a newly-created block designated for exploration and production of non-associated gas and condensate which the Oman Ministry of Oil and Gas has carved out of the Block 6 Concession operated by Petroleum Development of Oman (PDO). PDO will continue to produce oil from several fields within the block area. The 3,867 square kilometer (955,600 acres) block is located in the gas and condensate rich Ghaba Salt Basin in close proximity to the Barik, Saih Rawl and Saih Nihayda gas and condensate fields. These analog fields produce from the same reservoir horizons targeted by Harvest for drilling. Harvest expects to spend $4.8 million during 2009 for geological and geophysical studies, seismic reprocessing and drilling preparation costs.

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