Harvest Energy Trust (TSX:HTE.DB.B) (TSX:HTE.DB.D) (TSX:HTE.DB.E) (TSX:HTE.DB.F) (TSX:HTE.DB.G) and its 100 % owned subsidiary, Harvest Operations Corp.,reported that Korea National Oil Corporation has agreed to make an additional capital contribution to Harvest of approximately $465.7 million, the proceeds of which will initially be used to repay existing indebtedness.

The press release is quoted as saying:

Harvest, a wholly-owned subsidiary of KNOC, is a significant operator in Canada’s energy industry offering unitholders exposure to an integrated structure with upstream (exploration, development and production of crude oil and natural gas) and downstream (refining and marketing of distillate, gasoline and fuel oil) segments.

Click here to access the entire press release

Click here to access Harvest Energy Corporate Site

Comment

Tweet