UPDATE 2-Harvest Natural says unsure when Petrodelta deal will close

lunes 17 de marzo de 2014 15:19 GYT

* Says unsure when Venezuelan government will approve asset sale

* Fourth-quarter net loss $3.02/share vs $0.59/share year earlier

* Shares fall as much as 10 pct

By Anannya Pramanick and Kanika Sikka

March 17 (Reuters) - Oil and gas producer Harvest Natural Resources Inc said it was not sure when the Venezuelan government would approve the sale of its remaining assets in the country.

Shares of Harvest Natural, which also reported a bigger quarterly loss, fell as much as 10 percent to $3.90 on Monday on the New York Stock Exchange.

The company is in the process of exiting Venezuela by selling its stake in Petrodelta SA - a joint venture with state-owned Petroleos de Venezuela SA - to Argentinian oil and gas company Pluspetrol for about $400 million.

Harvest Natural's Venezuelan asset is its only producing asset. The company sold a part of its assets in the country for $125 million in December.

"A lot of that's (the sale of remaining assets) dependent on the conversation between Pluspetrol and ... the ministry in terms of plans going forward for the asset," Harvest Natural Chief Executive James Edmiston said on a conference call.   Continuación...