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HARKEN ANNOUNCES THIRD QUARTER RESULTS

 DALLAS, Nov. 12 /PRNewswire/ -- Harken Energy Corporation ("Harken") (AMEX: HEC) of Dallas today reported the following results for the third quarter ended Sept. 30, 1993 (in 000's, except for per share amounts):
 Third Quarter Nine Months
 1993 1992 1993 1992
 Total Revenues $2,122 $1,320 $6,693 $3,914
 Earnings before
 depreciation, interest
 and taxes (EBDIT) $404 $197 $1,719 $747
 Net loss $(632) $(199) $(1,128) $(301)
 Net loss per common share $(.01) -- $(.02) $(.01)
 Weighted average common
 shares outstanding 60,093 45,964 57,450 44,875
 Despite the net loss for the quarter, Harken showed improved EBDIT of $404,000 for the third quarter of 1993 compared to $197,000 for the third quarter of the prior year. For the nine-month periods, EBDIT was $1,719,000 in 1993 compared to $747,000 in 1992.
 Harken's primary businesses of domestic exploration and production and well servicing accounted for the bulk of revenues for the first nine months of 1993. The exploration and production business is conducted primarily in the Four Corners Area while the well servicing operations are conducted primarily in Texas.
 Mikel D. Faulkner, Harken's chairman, stated, "Our plans call for us to accelerate our drilling program in the Four Corners Area in our efforts to expand our reserve and production base. In addition, we are continuing to evaluate several international opportunities, including our exploration opportunities in Colombia and Bahrain."
 NOTE: Harken Energy Corporation explores for, develops and produces oil and gas reserves domestically and internationally. Harken also provides oilfield services.
 -0- 11/12/93
 /CONTACT: Harken Energy Corporation, 817-695-4900/
 (HEC)


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

DD -- NE022 -- 3922 11/12/93 17:31 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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