Harvest has a strong platform for sustainable long-term growth from our producing asset in Venezuela combined with our global exploration portfolio. Our 32 percent share of Petrodelta, S.A. (Petrodelta) provides a solid foundation of reserves and production growth in a hydrocarbon-rich region with low technical risk. Our Utah operations added significantly to our reserve base in 2010, and are being harvested for cash in 2011. Our exploration portfolio consists of high-impact, technically driven prospects are located in proven active hydrocarbon systems having significant resource potential.

Recent accomplishments include:

• Sale of Utah assets for $215 million in cash

• Reported 2010 Proved reserves of 54.6 million barrels equivalent, an increase of 17% from 2009

• Increased 2P reserves by 43% to 118.9 MMBOE from 2009

• Increased gross oil production to 32,000 barrels of oil per day (BOPD) in March 2011 from 22,000 BOPD in January 2010

• Drilled our first exploration well, the LG-1, on the Budong-Budong block in Indonesia, and preparing for the second well

• Advanced the exploration programs in Indonesia, Gabon and Oman to the drilling stage in 2011

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