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HARKEN ANNOUNCES PRELIMINARY RESULTS ON MUHARRAQ NO. 1 WELL

 DALLAS, Feb. 4 /PRNewswire/ -- Harken Energy Corporation ("Harken") (AMEX: HEC) of Dallas today announced that the second of its planned exploratory wells to be drilled in Bahrain, the Muharraq No. 1, has been drilled to a depth of 7,470 feet.
 The well, planned as an evaluation of the Jurassic Arab and Jurassic Fadhili formations, is scheduled to be drilled to a total depth of approximately 9,000 feet. The Jurassic Arab formation was encountered in the upper portion of the well as expected and the Jurassic Fadhili is anticipated at approximately 8,600 feet.
 The Jurassic Arab formation was encountered high to structural prognosis; however, no shows of oil or gas were seen in the well cuttings during the drilling of this section. Indications are that the porous zones within this interval were plugged with anhydrite severely diminishing, if not eliminating, the Jurassic Arab formation's capability to produce oil or gas from this well.
 Harken is continuing to drill the well toward the Jurassic Fadhili formation and continues to anticipate that it will reach total depth of approximately 9,000 feet by late-February, 1993.
 Harken Energy Corporation ("Harken") (AMEX: HEC) explores for, develops and produces oil and gas reserves domestically and internationally. Harken also provides oilfield services.
 -0- 2/4/93
 /CONTACT: Dale Brooks for Harken Energy Corporation, 817-695-4900/
 (HEC)


CO: Harken Energy Corporation ST: Texas IN: OIL SU: DSC

LR -- NY087 -- 3006 02/04/93 12:58 EST
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Date:Feb 4, 1993
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