In a couple of hours the results in the Venezuela election should be known. Local Venezuelan websites are already reporting some exit poll results, but it is too soon to know anything for certain.

Early Exit Polling Results from Reuters show President Hugo winning the referendum:

CARACAS (Reuters) - Venezuelan President Hugo Chavez appeared headed for victory on Sunday in a referendum on allowing the leftist to rule for as long as he keeps winning elections, government-linked sources said, citing exit polls.

Three exit polls showed Chavez won by between six and eight percentage points in a vote where turnout was low, the two sources said.

If confirmed, it would be by far the slimmest victory margin in the career of a man who wants to rule for life and turn the major oil exporter into a socialist state.

Opposition says their exit polls show that they won by 4% (Salon)

Update I:

Plenty of sources are saying that NO will win - but the government might still announce that the referendum passed.

Update II:

Venezuela News and Views blog is reporting that Chavez has canceled his press conference - which could be seen that the results might be to close to call.

Alexis Marrero Blog has regional results.

Update III:

Reuters still reporting a win for Chavez.

CARACAS (Reuters) - Three cabinet ministers on Sunday said Venezuelan President Hugo Chavez won a referendum on whether he can run indefinitely for reelection.

The ministers, who asked not to be named, cited preliminary polling and electoral data.

Update IV:

Venezuela News and Views blog is reporting that reporters are begging for their viewers to keep the peace while the results are coming in cause the results are going to be very close.

Update V:

Alexis Marrer Blog English Translation:

The Tendency is very clear the triumph of is not definitive, all the acts that have been entered give like result a definitive triumph of the opposition. it is certain that when I write this post I do not have the confirmation of the Zuliano state, Barquisimeto, Mérida, and Barina. But in the other states the Triumph is definitive. We could say with clarity that the triumph is by very little point but it is it.
The National press has not managed to give the tendency so that the law Jaw therefore stipulates it. But there are pro-government foreign newspapers of tendency that are using single the source that the government gives them. Cómos con is Country and other sources already known.
Venezuelan you do not lose the faith here soon will leave the truth.
The results in tendency are the one of
51% NO
49% YES

Update VI:

Sky News headline: Venezuelans ‘Back President For Life’

Update VII: Official word is that NO has won the election. Chavez’s referendums failed the election. Now I wonder if he’ll follow up on his threat to end exportation of Oil to the United States or not.

Update VIII: Isn’t amazing on Al Jazeera and Reuters both called it as a win for Chavez hours before the official word came out? No doubt there will be investigations into the results by Chavez.

AP Flash:

CARACAS, Venezuela (AP) - President Hugo Chavez suffered a stinging defeat in a vote on constitutional changes that would have let him run for re-election indefinitely, the chief of National Electoral Council said Monday.

Voters defeated the sweeping measures by a vote of 51 percent to 49 percent, Tibisay Lucena said.

Update IX: Freedom wins.