HOUSTON, March 24 /PRNewswire-FirstCall/ -- Harken Energy Corporation
(Amex: HEC) ("Harken") announced today that its international operating
subsidiary, Global Energy Development PLC (London AIM Exchange: GED)
("Global") has initiated plans to complete and test the Cajaro #1 well located
in Global's 82,752 acre El Cajaro Association Contract block in the Llanos
Basin of Eastern Colombia.  The well was drilled to 9,300 feet in 22 days and
recorded oil shows in the Mirador and Ubaque formations.
    Global has disassembled the equipment contracted for the drilling
operation and expects a completion rig to arrive in the next seven days.  The
completion rig will be utilized to carry out approximately 15 days of
production tests on both formations.  Harken holds an 86% ownership of Global,
which owns interests in producing properties and prospects in Colombia and
other countries in Latin America.
    Based in Houston, Texas, Harken is an oil and gas exploration and
production company whose corporate strategy calls for concentrating its
resources on exploration, development and acquisition of domestic properties
in the Gulf Coast regions of Texas and Louisiana.
    Certain statements in this news release regarding future expectations and
plans may be regarded as "forward looking statements" within the meaning of
the Securities Litigation Reform Act.  They are subject to various risks,
including uncertainties regarding timing, and capital availability, discussed
in detail in Harken's SEC filings.  Actual results may vary materially.

Link to this page:

  

http://www.harkenenergy.com
CONTACT:
Investor Relations of Harken Energy
Corporation, +1-281-504-4000, or info@harkenenergy.com

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