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HARKEN ANNOUNCES SECOND QUARTER RESULTS

 DALLAS, Aug. 16 /PRNewswire/ -- Harken Energy Corporation (Harken) (AMEX: HEC) of Dallas today reported the following results for the second quarter ended June 30, 1993:
 HARKEN ENERGY CORPORATION
 (In 000's of dollars, except for per share amounts)
 Periods ended Second Quarter Six Months
 June 30: 1993 1992 1993 1992
 Total revenues 2,628 1,385 4,571 2,594
 Earning before depreciation,
 interest and taxes (EBDIT) 689 298 1,315 550
 Net loss (312) (30) (496) (102)
 Net loss per common share (.01) -- (.01) (.01)
 Weighted average common shares
 outstanding 60,372 44,319 56,414 44,330
 Harken's primary businesses of domestic exploration and production and well servicing accounted for the bulk of revenues for the first half of 1993. The exploration and production business is centered primarily in the Four Corners Area while the well servicing operations are conducted primarily in Texas.
 Mikel D. Faulkner, Harken's chairman, stated, "The results for the second quarter reflect our efforts to integrate the Chuska operations with Harken's. Much of our emphasis during the first half of 1993 was the integration of Chuska following the February 15 merger. In July, we and our partners began drilling in the Four Corners Area and expect to continue the successful track record experienced by Chuska in previous years."
 Faulkner further stated, "In addition, we continue to perform geological and geophysical studies on our acreage in Colombia's Llanos Basin as well as offshore Bahrain. We are pleased with the progress that has been made thus far and are excited about our opportunities in these regions."
 Harken Energy Corporation explores for, develops and produces oil and gas reserves domestically and internationally. Harken also provides oilfield services.
 -0- 8/16/93
 /CONTACT: Harken Energy Corporation corporate communications, 817-695-4900/
 (HEC)


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

TS -- NY041 -- 2969 08/16/93 10:12 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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