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HARKEN UPDATES STATUS OF BAHRAIN PROJECT

 DALLAS, Feb. 10 /PRNewswire/ -- Harken Energy Corporation (AMEX: HEC) of Dallas today announced that its Muharraq No. 1 well has reached a depth of 8,778 feet. As previously announced, no shows of oil or gas were noted in the well cuttings of the Jurassic Arab formation. Subsequently, no shows of oil or gas were noted in the well cuttings of the Jurassic Fadhili formation. As a result, the well will be plugged and abandoned at this depth.
 Harken further announced that, under the terms of its production sharing agreement (PSA) with the Bahrain National Oil Company, it will allow its exploration and drilling rights on approximately 10 percent of the acreage covered by the PSA to expire effective Feb. 13, 1993. This acreage is located on the far southern end of the PSA area.
 Harken Energy Corporation explores for, develops and produces oil and gas reserves domestically and internationally. Harken also provides oilfield services.
 -0- 2/10/93
 /CONTACT: Dale Brooks of Harken Energy Corporation, 817-695-4900/
 (HEC)


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

SM -- NY017 -- 5010 02/10/93 08:53 EST
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Publication:PR Newswire
Date:Feb 10, 1993
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