Harvest Natural Resources (NYSE: HNR) Touches 16-Month High on Possible Oil Discovery

Shares of Harvest Natural Resources (NYSE:HNR) are trading 8.7% higher to $7.90 Tuesday and rallied to $8.25 earlier, the highest intraday price since November 2008, after the oil and gas producer said results from the flow testing of the Bar F 1-20-3-2 well in Duchesne County, Utah indicate "a high likelihood" of a commercial oil discovery.