Harvest Natural Resources Announces 2013 First Quarter Results

Harvest Natural Resources, Inc. (HNR) today announced 2013 first quarter earnings and provided an operational update.

Harvest reported first quarter net income of approximately $36.1 million, or $0.91 per diluted share, compared to a net loss of $1.0 million, or $0.03 per diluted share, for the same period last year.  The first quarter results included exploration charges of $1.9 million, or $0.05 per diluted share and unrealized gain on warrant derivative of $3.8 million, or $.10 per diluted share. 

Petrodelta reported earnings during the first quarter of $187.7 million, $60.1 million net to Harvest's 32 percent interest, under International Financial Reporting Standards (IFRS).

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Gran Tierra Energy Tests 3,095 Barrels of Oil per Day with Peru Horizontal Well

Initiating Engineering Study to Implement Long Term Test and Bring New Oil to Market

Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today provided updates for its exploration drilling in Peru.

"Gran Tierra Energy has successfully completed testing of the sidetrack on the Bretaña Norte 95-2-1XD exploration well in Peru, with results supporting the significant potential production additions expected from the Bretaña field," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy.

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Royale Signs Definitive Agreement to Fund Commencement of Work in Alaska

Finalizes Joint Venture With Rampart Energy Ltd of Australia

Royale Energy, Inc. (Nasdaq:ROYL) today announced that it has completed an agreement with Rampart Energy Ltd of Australia (ASX:RTD) for the development of a portion of Royale's Alaska North Slope property. Under the terms of this agreement Rampart may earn up to 75% Working Interest in Royale's Western and Central acreage position, upon completion of a work program that includes seismic and drilling commitments.

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Falcon Oil & Gas Ltd. Announces the Purchase of Sweetpea's 24% Minority Interest in Subsidiary Falcon Oil & Gas Australia Limited

  Falcon Oil & Gas Ltd. (TSX VENTURE:FO) (AIM:FOG) (ESM:FAC) ("Falcon" or the "Company"), announces that it has executed a conditional agreement with Sweetpea Petroleum Pty Ltd, a wholly-owned subsidiary of PetroHunter Energy Corporation ("Sweetpea") (the "Agreement"), to acquire its 50 million shares or 24.22% interest in Falcon Oil & Gas Australia Limited ("FOGA") (the "Share Purchase").

FOGA is a subsidiary of Falcon and is the registered holder of four exploration permits in the Beetaloo Basin, Northern Territory, Australia. Falcon currently owns 150 million shares in FOGA representing 72.68% of the issued share capital of FOGA. Upon completion of the Agreement, Falcon's shareholding in FOGA will increase to 200 million shares representing 96.90% of the issued share capital of FOGA.

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FX Energy Reports Successful Production Test at Tuchola-3K Well

FX Energy, Inc. (FXEN) reported that the Tuchola-3K well flowed gas at rates ranging from 3.8 to 5.5 million cubic feet of gas per day with no water during a production test.  The Company plans to collect the final data from the downhole pressure gauges and finish completing the well for production.

"The Tuchola-3K test raises the real possibility of opening a significant new exploration play for us in Poland," said David Pierce, President and CEO of FX Energy.  "We intend to follow up the successful test with 3-D seismic acquisition covering approximately 100 square kilometers and drill one or two more wells this year in the Edge concession area in north-central Poland where the Tuchola-3K is located.  The additional seismic and drilling will help us to determine the potential of this area and specifically the reserves in the structure where the Tuchola-3K well is being completed for production."

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