Calgary, Alberta – December 22, 2009 – Harvest Energy Trust ("Harvest") (TSX:HTE.UN) (NYSE:HTE) is pleased to announce that the previously announced plan of arrangement (the "Arrangement") involving Korea National Oil Corporation ("KNOC") has closed today with the acquisition of all the issued and outstanding trust units by KNOC’s Canadian subsidiary, KNOC Canada Ltd., for C$10.00 per unit. As a result of the acquisition the Harvest trust units will be delisted from both the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE"). The NYSE has advised that the trust units will cease trading on that exchange on or about December...

12/22/2009

Each year, for the past 11 years, North Atlantic has been awarding entry-level scholarships to full-time students all across Newfoundland and Labrador. To date, we have awarded a total of $552,000 to 412 students. This year we are honouring our 2009 scholarship winners — 46 students sharing a total of $59,000. Our scholarships are classed in three categories. 1)Internal awards are for our employees' children, totalling $1,000 for each full-time, first year student. This year there were 19 winners. 2)Memorial University awards consist of 12 scholarships, $2,000 each, plus one $3,000 award for the top marks overall. 3)College of the North...

11/25/2009

North Atlantic is pleased to announce its placement on Mediacorp Canada’s list of the top 25 employers in Atlantic Canada. This award recognizes 25 companies across the four Atlantic Provinces that lead their fields in creating progressive workplaces and providing exceptional benefits that are a cut above others in their field. According to Mediacorp, North Atlantic was chosen from 2,600 applicants and graded on attributes such as employee health benefits, social activities, employee communications, employee training and skills development, and community involvement. “In particular, Mediacorp said our company stood out because of our employee retirement savings programs, our health coverage...

11/6/2009

HARVEST ENERGY TRUST AGREES TO C$4.1 BILLION SALE TO KOREA NATIONAL OIL CORPORATION Calgary, Alberta – October 21, 2009 – Harvest Energy Trust (“Harvest”) (TSX:HTE.UN) (NYSE:HTE) today announces that it has entered into an agreement (the “Arrangement Agreement”)with Korea National Oil Corporation (“KNOC”) for the purchase of all the issued and outstanding trust units (the “Units”) at a price of C$10.00 per Unit for a total cash consideration of approximately C$1.8 billion plus the assumption of C$2.3 billion of debt. The Arrangement Agreement will be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement”). The Arrangement...

10/21/2009

Today, Occupational Health & Safety (OHS) announced new and updated workplace safety regulations for Newfoundland and Labrador. In keeping with our sound safety culture, North Atlantic supports and welcomes these new regulations. For the most part, these new government regulations will not have a significant impact on our operation or our employees since we’ve had similar policies in place in our company for some time now. For example, the new OHS regulations include procedural updates for confined space entry and fall protection — both of which we already perform according to proven safety procedures. In addition, the new regulations also include requirements...

8/13/2009

On June 7, North Atlantic and its employees donated $5,500 to the Janeway, during the hospital’s annual fundraiser telethon. This year's donation draws from North Atlantic’s Safety for Charity fund and direct from employee payroll deductions. “Because of our employee’s outstanding safety performance, this year's Safety for Charity fund is at an all-time-high. For each day that we work injury-free, our company deposits funds into a charity account. These funds are then donated to charity twice a year. Since 2001, our Safety for Charity fund has donated more than $31,000 to the Janeway Children’s Hospital,” says Gloria Warren Slade, North Atlantic’s...

6/7/2009

DinnerTime Dodgers send the cheque to Daffodil Place Health and wellness is alive and walking at North Atlantic. Each day, refinery and marketing employees take to the street on their lunch break to keep fit and to raise funds for the charity of their choice. This year the 56-member dinnertime walking club clocked nearly 7,000 kilometres, which translates into $3,623 for Daffodil Place. "Since its start in 2005, North Atlantic’s DinnerTime Dodgers have walked over 37,000 kilometres and have raised $18,000 for charity. For each lunch-time walk that our employees take, our company donates one dollar into the dodger’s charity fund. At...

5/12/2009